Atkore’s brands include AFC Cable Systems, Allied Tube & Conduit, Cope cable tray, Eastern Wire & Conduit, Kaf-Tech, Power-strut and the recently acquired Flexicon, as well as Atkore electrical raceway.
The move puts an end to speculation that a strategic investor might buy Siemens’ stake as a platform to pursue ownership of Osram outright.
Dan Markus, founder and CEO of Calpipe Industries, will stay on as a strategic advisor and Gary Lessing will continue as president of Calpipe Industries
The current managers of each location will make equity investments in their respective new companies with Winsupply as majority owner.
ABB executives point to GE’s established distribution base and brand recognition as important factors in its decision to add the business to its growing North American platform.
ABB and GE have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today.
TrueCommerce said the addition of Datalliance complements its portfolio of offerings with a strategic technology service that extends its commerce network into the collaborative replenishment, inventory management and demand forecasting markets.
Silver Spring and Itron together cover over half of the automated metering installations in the U.S. market, outpacing Landis+Gyr’s roughly 20% market share