ABB Purchases K-TEK

June 4, 2010
K-TEK manufactures magnetic level gauges, magnetostrictive level transmitters and laser level transmitters.

ABB, the power and automation technology group, will acquire Prairieville, Louisiana company K-TEK, which will join the Measurement Products business unit within ABB's Process Automation division.

"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 ABBs extensive geographic reach and exposure to other industries, and K-TEK's depth in level detection technology."

With over 350,000 installations since its founding in 1975, K-TEK is recognized as a global leader in magnetic level gauges, magnetostrictive level transmitters and laser level transmitters. The company offers a broad range of level detection instruments, as well as pressure and temperature switches, and will have no overlap with ABBs existing product line.

K-TEK has annual revenues of approximately $50 million and employs more than 250 people with operations in China, Netherlands, India and South Africa in addition to the US.

ABB expects the transaction to be completed within the second quarter.

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

The Executive Guide to Best Practices for Ecommerce Integration

Oct. 2, 2023
Get ready to elevate your post-checkout experiences and thrive in today's unpredictable market. Learn why integration and automation are crucial to run operations more smoothly...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!