M&A Deal Summary

Cooper Industries Acquires Omnex Control Systems

On December 26, 2007, Cooper Industries acquired technology hardware company Omnex Control Systems from Peco

Acquisition Highlights
  • This is Cooper Industries’ 1st transaction in the Technology Hardware sector.
  • This is Cooper Industries’ 1st transaction in Canada.
  • This is Cooper Industries’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2007-12-26
Target Omnex Control Systems
Sector Technology Hardware
Buyer(s) Cooper Industries
Sellers(s) Peco
Deal Type Divestiture

Target

Omnex Control Systems

Port Coquitlam, British Columbia, Canada
Omnex Control Systems, Inc. is a manufacturer of wireless industrial remote controls and industrial sensor network components.

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Buyer(S) 1

Buyer

Cooper Industries

Maynooth, Ireland
Category Company
Founded 1833
Sector Electrical Equipment
Employees26,000
Revenue 5.4B USD (2011)
DESCRIPTION

Cooper is a diversified global manufacturer of electrical components and tools. Cooper has seven operating divisions with leading positions and world-class products and brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is positioned for several long term growth trends including the global infrastructure build out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.

DEAL STATS #
Overall 6 of 8
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2007) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-27 io lighting

Vernon Hills, Illinois, United States

io lighting LLC designs and manufactures technically advanced, environmentally friendly indoor and outdoor architectural products which include linear floodlights, cove lighting, illuminated handrails, wall sconces and signage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-14 The MTL Instruments Group

Luton, United Kingdom

The MTL Instruments Group plc provides reliability, efficiency and safety with the development and supply of system infrastructure products and protection equipment to the Process Industries.

Buy -

Seller(S) 1

SELLER

Peco

Portland, Oregon, United States
Category Company
Founded 1938
Sector Aerospace
DESCRIPTION

Peco, Inc. is a manufacturer of aerospace products, precision manufacturing, analytical instrumentation and automation and controls.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 Omnex Control Systems

Port Coquitlam, British Columbia, Canada

Omnex Control Systems, Inc. is a manufacturer of wireless industrial remote controls and industrial sensor network components.

Buy -
Mergr

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