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Pentair Buys APW Ltd.'s Thermal Management Businesses

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GOLDEN VALLEY, Minn., Oct. 17 -- Diversified operating company Pentair today announced that it has agreed to acquire certain assets of APW Ltd., including the McLean Thermal Management, Aspen Motion Technologies and Electronic Solutions businesses for approximately $119 million, after taxes and transaction costs. The businesses provide thermal management solutions and integration services to the telecommunications, data communication, medical and security markets. The deal, which is subject to regulatory approval and other customary closing conditions, is expected to close by the end of the...Read full article

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    Published: October 2005
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    acquisitionsAPWAspenCommunicationsdefenseindustrialMcLeanNews & FeaturesPentairphotonicstelecommunicationsthermal

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