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The MTL Instruments Group plc (MTL) has acquired a 90% stake in RTK, experts in the design and manufacture of process alarm equipment, displays and interface products. RTK is a provider of alarm-handling and annunciation equipment for the utilities and process control markets with expertise in the application of alarm-handling apparatus in hazardous and potentially flammable environments, making it an ideal fit for MTL, a manufacturer of hazardous area control systems and instrumentation.
Following the acquisition, RTK will be able to extend its international customer base by leveraging MTL’s extensive sales channels and OEM relationships. In addition, RTK will take full advantage of MTL’s worldwide purchasing power.
“RTK is a natural fit for MTL,” said Graeme Philp, MTL’s chief executive. “RTK has developed an innovative and highly competitive range of annunciation equipment and has been expanding its international reach considerably. RTK’s considerable expertise and experience in building semi-custom assemblies and subsystems will provide MTL with an added value its customers are increasingly requesting.”
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