Siemens to acquire Controlotron

Siemens Energy & Automation signed an asset purchase agreement to acquire the assets and business of Controlotron Corp., a maker of nonintrusive ultrasonic flow measurement equipment serving HVAC and other markets, with terms undisclosed and close expected in May.

“Siemens Energy & Automation Inc. has signed an asset purchase agreement to acquire the assets and the business of Controlotron Corp., headquartered in Hauppauge, N.Y. The company expects to close the deal in May and did not disclose terms.”

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