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Lufkin Industries Acquires Datac Instrumentation and RealFlex
By: TexasBusiness.com Posted: Monday, January 23, 2012 12:03 am
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Texas Business reports: LUFKIN—Lufkin Industries Inc. completed the acquisition of Datac Instrumentation Limited and RealFlex Technologies Limited.
Datac, based in Dublin, Ireland, is a solutions company serving the oil and gas, power, water and waste water, and transportation and marine industries that provides systems integration for supervisory control and data acquisition (SCADA). RealFlex, also based in Dublin, provides real-time server software packages for SCADA and process control applications.
“These two acquisitions are expected to be accretive to Lufkin's earnings in 2012 and accelerate our strategy of expanding our technical capabilities within our Automation portfolio,” said Lufkin chief executive John F. (Jay) Glick in a prepared statement. “They also provide a state-of-the-art solution to Lufkin's Automation SCADA needs and add very strong R&D personnel and process assets to the Automation portfolio. Datac's newly developed SCADA information server is designed to integrate into multiple SCADA platforms via industry standard protocols. It represents the next generation of automation and is anticipated to become the future platform for Lufkin's application server. These acquisitions also expand our Automation footprint into other energy-related industries such as power, water and waste water.
"These two acquisitions are a good cultural fit with Lufkin, and Ireland provides a business-friendly environment,” Glick said. “We welcome Datac and RealFlex's talented employees to the Lufkin family.”
Lufkin Industries Inc. is a global provider of artificial lift products, services and automation solutions for the oil and gas industry, including beam pumping, gas lift and plunger lift systems. Its Power Transmission segment also serves the energy and industrial sectors with engineered gearing solutions. Lufkin has vertically integrated all vital technologies required to design, manufacture and market its products. |
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