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Bucher Automation AG Gräterstraße 2 71642 Ludwigsburg, Germany http://www.jetter.de
Contact Günter Eckert +49 7141 2550514
Company logo of Bucher Automation AG

Jetter announces the acquisition of Control Developments

(PresseBox) (Ludwigsburg, )
Jetter AG (ISIN: DE0006264005), the German Ludwigsburg-based manufacturer of industrial controllers, acquires, with effect of 01 January 2008, Oxford-based Control Developments (U.K.) Ltd., who in 2007 realised sales of 1,4 MGBP, employing eight people. The purchase prize is to remain confidential. Control Developments develops and sells electro-hydraulic control systems for mobile automation. Its biggest customer is Johnston Sweepers Ltd., a manufacturer of municipal vehicles. Johnston Sweepers is part of the Swiss group Bucher Industries AG, who also holds shares in Jetter.

Control Developments' excellent knowledge of the control of hydraulic systems ideally complements Jetter's know-how and product portfolio in the mobile automation sector, with emphasis on operation and connectivity. With this acquisition, Jetter markedly strengthens its mobile automation sector. Jetter expects a solid growth for this segment over the next years, i.a. through a projected intensification of the co-operation with Bucher. Control Developments will change its name to Jetter UK Ltd. and will be transformed into an R&D centre for mobile automation. Manufacturing and administration will in the mean term move to Ludwigsburg. Jetter's global sales network will provide further growth potential for this product segment.

Bucher Automation AG

Jetter is a leading supplier of control systems for industrial and mobile automation. Apart from the parent company, there is a German subsidiary in Tettnang as well as subsidiaries in USA, Singapore, Italy and Switzerland.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.