ABB Enhances Level Measurement Capability with K-TEK Acquisition

ABB has agreed to acquire level measurent specialist K-TEK. Founded in the US in 1975, K-TEK is a global supplier of magnetic level gauges, magnetostrictive level transmitters and laser level transmitters. It also offers a range of level detection instruments, as well as pressure and temperature switches. There is reportedly no overlap with ABB’s existing product line.

K-TEK, which has annual revenues of approximately US$50 million and operations in China, Netherlands, India and South Africa. in addition to the US, will join the Measurement Products business unit within ABB’s Process Automation division. Terms were not disclosed, and ABB expects the transaction to be completed within the second quarter.

“This acquisition fills an important space in our product line,” explains Veli-Matti Reinikkala, head of ABB’s Process Automation division. “K-TEK is well established, particularly in the oil and gas industry, which is a growth area for ABB. We see a lot of potential for synergy between ABB’s extensive geographic reach and exposure to other industries, and K-TEK’s depth in level detection technology.”

The acquisition, says ABB, is in line with its strategy to pursue growth opportunities that complement the company’s product, technology and geographical portfolio.