Schneider Electric Acquires Applied Instrument Technologies
October 27, 2016
Schneider Electric’s acquisition adds to its process automation portfolio, which already includes Foxboro plant instrumentation, Foxboro and PlantStruxure PES process automation systems, Modicon PAC systems, and Triconex safety systems.
Based in Upland, CA, Applied Instrument Technologies, Inc. (AIT) provides online process analyzers for the hydrocarbon, petrochemical, chemical, pharmaceutical and steel-making industries.
AIT has an installed base of more than 1,000 systems and a breadth of spectroscopy and chromatography solutions, including a comprehensive portfolio of process analyzers and associated implementation services. Its technology improves process optimization, asset protection and compliance with environmental regulations, allowing customers to better manage and improve their operational profitability.
“AIT enhances our portfolio and strengthens our position as one of the world’s leading providers of process automation systems, solutions and services,” says Gary Freburger, President, Schneider Electric’s Process Automation business. “Growing our capabilities is a critical part of our strategy to help our customers transform their businesses, improve their operational profitability and realize the future of automation.”
Company leaders say the addition of AIT improves Schneider Electric’s ability to deliver broad, multi-stream, multi-component analytical systems with less project risk and execution time. As a single source provider, the combined offering provides additional flexibility in terms of how the company can price, position and package its process automation solutions. The acquisition builds on a partnership the two companies established in 2015.
Experts believe the acquisition also provides Schneider Electric the ability to extend its process measurement, automation and safety solutions to a broader customer base, especially in fuels blending, petrochemicals and gas processing.
AIT and its offerings will be fully integrated into Schneider Electric’s process automation business and will continue to be managed by its existing executive team.
The integration will be finalized in late 2017.
