MTL acquires wireless solutions provider

The MTL Instruments Group plc (MTL) is buying Elpro International, an Australian based developer and supplier of wireless solutions targeted at applications in the process control, manufacturing and utility markets, for a sum of AUD$28.5 million (US$23.4 million). The existing Elpro management team strongly supported the acquisition and has been retained by the company.

The industrial wireless market has been characterized as a specialized niche market until recently, with independent research houses predicting high growth as wireless technology matures in the process control and automation sectors. And Elpro is recognized in the market for its innovative and proprietary technologies, high performance products and value-added technical support.

Graeme Philip, MTL Chief Executive: “We are delighted to have been able to acquire Elpro. Wireless Technology is forming an increasingly important part of the signal and data communication layer on modern process plants. MTL is already a leading supplier of components for this communication layer … and this acquisition positions MTL well for continued growth and success in this important area.”

MTL supplies electronic instrumentation and protection equipment for the process control and telecommunications industries. MTL equipment is used in hazardous environments such as the petrochemical, chemicals and oil and gas production industries.