Cooper Industries plc has acquired Gitiesse, an Italy-based, privately owned manufacturer of marine and oil and gas communications systems. Gitiesse specializes in the manufacture of digital integrated multimedia communications systems (IMCOS) for vessels worldwide. Gitiesse will become part of the Cooper Safety division of Cooper Industries. It's the third acquisition Cooper has made in its explosion-proof harsh and hazardous environment platform within the last year.
“Gitiesse represents a strategic fit with Cooper Safety's existing offering of MEDC explosion-proof beacons and sounders, Hernis CCTV and Cooper Crouse-Hinds' global portfolio of harsh and hazardous instrumentation solutions," said Cooper Industries Chairman and Chief Executive Officer Kirk Hachigian. "This acquisition supports our globalization initiative, as Gitiesse has a significant world-wide presence in the marine market, including strong positions in both Europe and Asia. Additionally, Gitiesse's products complement the solutions Cooper Safety, Cooper Crouse Hinds and Cooper B-Line are able to jointly bring to our global oil & gas customers." Details