ERIKS announces the acquisition of IEC Control Shop
FromExecutive board ERIKS nv
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SubjectERIKS announces the acquisition of IEC Control Shop in the United States
ERIKS through its subsidiary Industrial Controls has acquired IEC Control Shop, a Texas based distributor of HVAC controls for over twenty years. IEC Control Shop has branch offices in Fort Worth and Dallas, Texas which will complement Industrial Controls existing network of 18 branches and extend its territorial footprint into the rapidly growing Southwest and Gulf Coast.
The addition of IEC Control Shop broadens Industrial Controls coverage with existing product lines and expands its capabilities. Along with the aligned HVAC controls portfolio, the companies synergy provides Industrial Controls with an increased opportunity to extend its industrial product offerings into the Southwest region. Merging with IEC Control Shop will give us an exceptional platform to continue our expansion plans in the growing Texas market, said Joe Eichelberger, President and CEO of Industrial Controls. We are committed to maintaining excellent service and offering an increased product breadth to our customers.
Bruce Gray, President of IEC Control Shop, will lead Industrial Controls two newest branches in the Southwest territory. Bruce brings the widespread customer and technical experience needed to manage Industrial Controls business in the region. The merger will allow us to better serve our customers by offering them a broader product selection, said Gray. Geographically extending its business in the Southwest area has been a critical target for Industrial Controls and should position it for further expansion.
The acquisition was completed in December 2012.