Hubbell Acquires Austdac Pty Ltd.ORANGE, Conn. -- Hubbell Incorporated (NYSE NYSE See: New York Stock Exchange : HUBA, HUBB) today announced the acquisition of privately-held Austdac Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . Financial terms were not disclosed. Based in New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. , Australia, Austdac manufactures a wide range of products used in harsh and hazardous applications in a variety of industries. Included among its products are material handling, conveyer control and monitoring equipment, gas detection equipment, voice communications systems, and emergency warning lights and sounders. Annual sales approximate US $25 million. "The addition of Austdac to Hubbell's Industrial Technology segment is a perfect fit," said Timothy H. Powers, President 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. of Hubbell Incorporated. "With its two decades of association with our GAI-Tronics operation, and its market prominence in Australia, Austdac broadens our growth opportunities both geographically and in products new to Hubbell." Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for commercial, industrial, residential, utility, and telecommunications markets. With 2005 revenues of $2.11 billion, Hubbell Incorporated operates manufacturing facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Mexico, Italy, Switzerland, Brazil, and the United Kingdom, participates in joint ventures in Taiwan and the People's Republic of China and maintains sales offices in Singapore, Hong Kong, South Korea, People's Republic of China, and the Middle East. The corporate headquarters is located in Orange, CT. |
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