Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
Image
Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
Image
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Cooper Industries Acquires Sure Power, Omnex and Roam Secure for $100 Million

Cooper Industries Ltd. acquired three privately held companies for a combined purchase price of $100 million.
Jan. 10, 2008
2 min read

Cooper Industries Ltd. acquired three privately held companies for a combined purchase price of $100 million. The company bought Sure Power Industries Inc., Omnex Control Systems ULC and Roam Secure. Combined sales for the three companies in 2007 will be approximately $62 million.

Sure Power, a privately held company based in Tualatin, Ore., provides products designed to aid in the management of DC electrical systems for the heavy-duty truck, off-highway equipment, military vehicle, recreational vehicle, bus, marine, and electric vehicle markets. Sure Power has been in business for more than 45 years and has strong design and manufacturing expertise in solid-state and high power modules.

Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian said, “The acquisition of Sure Power, which has been focused on high growth niche segments in the transportation and industrial markets, enables Cooper Bussmann to broaden its exposure to the power chain area of those markets and brings more technology into the product portfolio.”

Cooper will also buy Omnex Control systems, a privately held company based in British Columbia, Canada. The company designs and manufactures radio remote control products for the construction and heavy equipment markets, as well as industrial wireless networking solutions that are sold primarily into process automation, petrochemical, municipal wastewater, and factory automation markets.

“Omnex’s expertise in wireless applications will allow Cooper Bussmann to accelerate the development of ‘smart’ systems, such as Invision, which complement the traditional core products and add more value to our customers,” said Hachigian.

Roam Secure, a privately held business based in Arlington, Va., provides energy text alert systems and other information notification technology. Their current installed base includes many prominent city, county and regional municipalities throughout the United States, as well as a growing base of education, commercial, industrial, healthcare and other campus environments.Cooper completed 13 deals in 2007.