ERIKS to acquire Industrial Controls by the end of October 2011
From
Executive board ERIKS nvTelephone
+31-72 54 75 888Date
27 October 2011Subject
ERIKS to acquire Industrial Controls by the end of October 2011About Industrial Controls
Founded in 1976, Industrial Controls is the leading distributor of Controls, Instrumentation, Automation and Automated Valves in the U.S. Industrial Controls serves over 10,000 blue chip customers with the industry’s premier brands through its national network of 17 branch offices and e-commerce/catalog capabilities. Industrial Controls generates with 150 employees an annual sales level of approx. 84M USD.
For more information please visit www.industrialcontrolsonline.com
Industrial Controls provides ERIKS with a platform for growth in Controls & Instrumentation in North America. Industrial Controls also strengthens ERIKS’ position as a global industrial service provider. The activities of Industrial Controls will be developed as an independent wholly owned subsidiary within ERIKS. Industrial Controls will significantly strengthen ERIKS’ market position in the United States.
About ERIKS
Founded
in 1940, ERIKS is a leading international industrial service provider
offering a wide range of high-quality mechanical engineering components
and associated technical and logistics services. ERIKS’ current product
range, including the technical and logistics services that form part of
it, is divided into five core activities: flow technology; sealing
technology; bearing and power transmission, including electromechanical
services and condition monitoring; industrial plastics; and tools and
maintenance products. ERIKS currently consists of more than 60 companies
with branches in 25 countries, serving over 200,000 customers. In 2010,
ERIKS generated net sales of €1.1 billion (USD 1.6 billion). ERIKS is a
wholly owned subsidiary of SHV Holdings N.V., a private-held family
company with net sales in 2010 of €16.0 billion (USD 23.1 billion).
