TRESSES (BORDEAUX), FRANCE, March 30, 2007 -- Stephen G. Oswald, president of Hamilton Sundstrand's Industrial group and John Dudley KELLY, president and majority shareholder of Dosatron International S.A., signed today the final acquisition of Dosatron International S.A., France, by Hamilton Sundstrand, a division of the American group United Technologies Corporation (NYSE:UTX).
Dosatron International was until now a privately held company. The transaction has been subject to regulatory approval, since Dosatron will become part of Milton Roy, one of Hamilton Sundstrand's three industrial companies. Milton Roy is one of the world's leading Fluid Metering, Mixing and Flow Control companies with a wide range of specialty pumps and systems (Milton Roy, LMI, William, Linc, Hartell, Haskel, BuTech and YZ Systems).
John Dudley KELLY will stay at the command of Dosatron as managing director and will closely work on the integration and development process with Jean-Claude Pharamond, Milton Roy Company President.
"We are extremely pleased to have Dosatron join the Hamilton Sundstrand Industrial team," said Stephen G. Oswald, president of Hamilton Sundstrand's Industrial group. "Dosatron has great technology and is one of the leading players in its segment. The acquisition is also a great addition to our Milton Roy businesses, it will allow us to expand into new products and add to our presence in Europe."
The integration will make Dosatron benefit from important technological and R&D back up as well as scale advantages on the international and ever more competitive market.
Dosatron commercial and marketing director, Alain Nadal, comments: "This integration will offer exciting opportunities to expand the global network for both Dosatron and Milton Roy products and to serve our distributors and customers even better".
Patrick Deniau, Milton Roy's business development manager: "From applications to product portfolio through channels of distribution, Dosatron and Milton Roy show complementarities that will certainly lead to exciting commercial synergies and opportunities. No change in the well performing Dosatron sales network (Sales force, Distributors, OEM Customers) is programmed or foreseen, we want the business growing as well as it goes today".
The Dosatron Company will continue to operate under the name Dosatron.
The Industrial division of Hamilton Sundstrand includes the Milton Roy, Sundyne and Sullair business units.
With 2006 revenues of $ 5 billion, Hamilton Sundstrand employs approximately 17,000 people worldwide and is headquartered in Windsor Locks, Connecticut, USA. Among the world's largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.
United Technologies Corporation, based in Hartford, Conn., USA, is a diversified company that provides high-technology products and services to the aerospace and building industries.
---
Also see: "Hamilton Sundstrand to acquire France-based Dosatron International"
