Pentair plc (Manchester, U.K.; www.pentair.com) announced that it has signed an agreement to purchase Steinhauer Elektromaschinen AG (www.steinhauer.de), a producer of enclosure machining and related technologies. The planned acquisition will further enhance Pentair’s brand of Hoffman equipment-protection solutions by expanding its services capabilities to provide tools for customers to design and select the right electrical protection solutions for their applications and automate the panel-building process.
The terms of the planned acquisition were not announced and closing of the transaction, currently expected to occur in the first quarter of 2015, is subject to certain regulatory and other approvals and reviews.
With Steinhauer technology, Hoffman customers will have the additional benefit of onsite enclosure modification capabilities that will help reduce labor-intensive manual work, increase overall productivity and, more importantly, enable them to deliver a complete solution to end users much more quickly.
“With the addition of Steinhauer to the Pentair family, Hoffman will be able to better serve our customers with a new solution that reduces customer lead time and increases their productivity,” said Alok Maskara, president, Pentair Technical Solutions. “From modifying one-off panels to performing complex modifications, the Steinhauer ModCenter provides efficient, quality solutions for our enclosures.”