Free press releases distribution network?

Agency / Source: Tripmaster Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Control Instruments Group Ltd Acquisition of PI Technology UK - Acquisition of leading UK automotive technology design company sees Control Instruments expand its global reach - CI.co.za
Control Instruments Group Ltd Acquisition of PI Technology UK

 

PRZOOM - /newswire/ - Arlington, TX, United States, 2006/11/09 - Acquisition of leading UK automotive technology design company sees Control Instruments expand its global reach - CI.co.za.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking/Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Control Instruments, parent company of Tripmaster Corporation, announced yesterday that it has acquired the business of Pi Technology in the UK for £5 million.

Pi Technology specializes in the design of a wide range of electronic products for the automotive industry, specifically in the areas of engine control systems, infotainment and information displays, alternative fuel applications (including hybrid technology), and body and suspension control electronics. It is based in Cambridge, England and has satellite offices in Frankfurt and Detroit.

Speaking at the announcement, Group MD, Richard Friedman said the acquisition is in line with Control Instruments’ strategy to globalise its businesses - we focus on niche markets in the global automotive industry and our customers are global: it follows that the Group needs to be where its customers are and where they make their decisions.

Friedman said that Pi Technology has grown rapidly from a start-up business approximately 14 years ago and today employs 90 engineers, the majority of whom have high-grade technical degrees as well as many years of experience in systems engineering, and hardware, software and electronic design for the automotive industry.

One in four US heavy trucks use engine control systems designed by Pi Technology and millions of motor vehicles worldwide incorporate architectures, electronics and software designs from Pi Technology.

Friedman added that Pi Technology’s excellent reputation and working relationship with all the major international OEMs offers the Group a tremendous springboard into the international OEM automotive industry. “And we know it works, the partnership between Control Instruments Shurlok and Pi Technology has been tested and orders for instrument and information displays and engine control units have already been received from two major international OEMs with additional business in the pipeline”.

“Acquiring Pi Technology was a logical step and combining the two companies allows the Group to expand its global OEM business using a solid and well regarded international base that is profitable and cash positive.”

Friedman said that Control Instruments Shurlok and Pi Technology will be run as one business with the management and staff of both companies being retained. Sales, marketing, new business and product development will be managed out of the UK, the USA and Europe. All the manufacturing, certain engineering functions and customer support for South African OEMs will continue to be based in South Africa.

This is Control Instruments’ second international acquisition this year - in March the Group announced its acquisition of 51% of the shares in Tripmaster Corporation in the United States for US$3.5 million. Tripmaster is a leading supplier of high-end onboard computers to the North American trucking market and recently started selling the Group’s FM products through its distribution channels. Tripmaster has obtained its first major order for the Group’s products with the sale of approximately 1 200 units to an American customer.

The share price closed at R5.25 yesterday.

Control Instruments Group Limited
Control Instruments develops, manufactures and distributes products and services into niche sectors of the worldwide automotive industry. Its activities are focussed on fleet management systems; high quality, branded aftermarket products; and technical components used by the original equipment vehicle manufacturers (OEMs).

The Group’s overall aim is to globalise its operations in its selected areas in order to maximise its growth opportunities.

The Group has been listed on the JSE Limited since 1987, trading under the share code “CNL”. It employs approximately 1 650 people.

About Pi Technology

Pi Technology (pitechnology.com) is a world leader in the development of automotive electronic systems, providing product development, engineering services and specialised test equipment as well as consultancy to original equipment motor manufacturers. Pi Technology has grown rapidly from a start-up business approximately 14 years ago.

Products offered by Pi Technology include a wide range of electronic modules for power train, infotainment and alternative fuel applications. It has considerable experience in development projects such as systems engineering, advanced technology demonstrators, production designs and fast-track projects where time-scales are tight and milestones important.

One in four US heavy trucks use engine control systems and millions of motor vehicles worldwide incorporate architectures, electronics and software designs designed by Pi Technology. Pi Technology’s customers include many of the leading vehicle manufacturers and their Tier 1 suppliers, such as Ford Motor Company (specifically Aston Martin and Jaguar), General Motors, DCX, Visteon, Delphi, Denso, Hella, and Bosch.

Pi Technology’s main office is in Cambridge, England and it has satellite offices in Detroit, USA and Frankfurt, Germany. Pi Technology employs 90 engineers - the majority of whom have high-grade technical degrees as well as many years of experience in automotive electronics, systems engineering and hardware/software design.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tracking/Navigation Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Tripmaster Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Tracking Navigation - Purchase keywords tags asset tracking, fleet management / Banner Ads!.

 
  Your Banner Ad showing on ALL
Tracking/Navigation articles,
CATCH Visitors via Your Competitors Announcements!


Control Instruments Group Ltd Acquisition of PI Technology UK

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Jayne Wilson - Tripmaster.com 
817-652-4400 jayne.wilson[.]tripmaster.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tripmaster Corporation securities in any jurisdiction including any other companies listed or named in this release.

Tracking/Navigation via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Tripmaster Corporation / Company Profile


Read Tracking/Navigation Most Recent Related Press Releases:

Safran’s SpaceNaute Navigation System Chosen for New Ariane 6 Launch Vehicle
AGI Partners with Singapore’s NTU-ATMRI to Develop Urban UTM Solutions
GE’s Marine Solutions Strengthens its Presence in ASEAN and China
Leonardo Introduces Latest Generation Active Sonar At Euronaval
Kyrgyz Republic's Main International Airport Adopts NEC's Air Navigation System Solution
MiX Telematics Introduces Industry First Connected Asset Solution
Sparta Systems Announces Silver Sponsorship and Speaking Engagement at the 11th Annual Global Food Safety Summit
MiX Telematics Showcases its Smart Solutions At CTIA Super Mobility 2016
Frost & Sullivan Highlights TSPS, Inc. for Setting the Bar in Customer Value in the North American Commercial Vehicle Smart Parking Services Market
Curtiss-Wright Adds 90-Day Underwater Locator Beacon (ULB) Support to Crash Protected Recorder Family

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today