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ERIKS announces the acquisition of IEC Control Shop

From

Executive board ERIKS nv

Telephone

+3172 54 75 888

Date

January 2013

Subject

ERIKS 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.

About Industrial Controls

Founded in 1976, Industrial Controls is the leading distributor of controls, instrumentation, automation and automated valves in the U.S. Industrial Controls serves over 10,000 blue chip customers with the industrys premier brands through its national network of branch offices and e-commerce/catalog capabilities. For more information, visit www.industrialcontrolsonline.com.

About ERIKS

Founded in 1940, ERIKS is a leading international industrial service provider offering a wide range of high-quality mechanical engineering components and associated technical and logistics services. ERIKS current product range, including the technical and logistics services that form part of it, is divided into five core activities; flow technology, sealing technology, bearing and power transmission, including electromechanical services and condition monitoring, industrial plastics, and tools and maintenance products. ERIKS currently consists of more than 65 companies with branches in 27 countries serving over 200,000 customers. In 2011, ERIKS generated net sales of  1.3 billion (USD 1.9 billion). ERIKS is a wholly owned subsidiary of SHV Holdings N.V., a privately-held family company with net sales in 2011 of  17.3 billion (USD 24.1 billion).
 
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