Jetter announces the acquisition of Control Developments

Ludwigsburg, (PresseBox) - 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.

Jetter 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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