Elsag Bailey signs cooperation agreement with Deutsche Babcock Automation division.AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Feb. 15, 1996--Elsag Bailey Process Automation N.V. (NYSE NYSE See: New York Stock Exchange :EBY EBY Ente Binacional Yaciretá (Argentina-Paraguay) ) announced today that it has reached a strategic cooperation agreement with the Process Automation division of German industrial leader Deutsche Babcock AG. The alliance, established with Babcock Process Automation GmbH, positions Elsag Bailey as a preferred supplier of distributed control systems A distributed control system (DCS) refers to a control system usually of a manufacturing system, process or any kind of dynamic system, in which the controller elements are not central in location (like the brain) but are distributed throughout the system with each component , instrumentation products, and other technologies for integration with total automation solutions provided by Deutsche Babcock. This week's agreement closely follows a similar accord reached in November between Babcock Process Automation and the German automation provider Hartmann & Braun AG, which has since been acquired by Elsag Bailey. The two agreements follow a long and successful period of cooperation between Deutsche Babcock and Hartmann & Braun in Germany, and will permit extension of these activities to a much broader geographical and technological arena. Mr. Hans Fechner, Chairman and Managing Director of Babcock Process Automation, comments on the new agreement: "We are pleased to include Elsag Bailey systems, products and services in the strategic portfolio of tools through which we provide complete automation solutions to our customers. Elsag Bailey's broad technological and geographic presence will help support our goals for comprehensive, customer-oriented service worldwide." Mr. Vincenzo Cannatelli, Managing Director and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Elsag Bailey, adds his perspective: "I am very gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the confidence which Deutsche Babcock has shown in our company's recent marriage with Hartmann & Braun. Working together, we will integrate these leading names in process automation to achieve 'one-stop-shop' solutions for our mutual customers." Babcock Process Automation GmbH is one of the leading providers of control and instrumentation equipment for boiler plants, power stations, and pollution control applications in Germany. The company, headquartered in Oberhausen, Germany, is a unit of Deutsche Babcock AG, a global provider of plant and mechanical engineering, power transmission, process, and environmental technologies. Elsag Bailey Process Automation N.V., incorporated in the Netherlands, is a global supplier of process automation systems, instrumentation products, analytical measurement, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , with operating units in more than 25 countries. The company's technologies are installed throughout a wide range of process industries including electric utilities, chemicals and petrochemicals, metals and minerals, oil and gas, pulp and paper, water and wastewater, and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. . Elsag Bailey is an affiliate of the Finmeccanica group. CONTACT: Elsag Bailey Process Automation, Wickliffe, Ohio Wickliffe is a city in Lake County, Ohio, United States. The population was 13,484 at the 2000 census. Geography Wickliffe is located at (41.609398, -81.472905)GR1. Edward F. Gabrosek, 216/585-7836 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion