ABB acquires leading provider of safety systems for the petrochemical and petroleum industries

ABB broadens system scope on three continents

Zurich, Switzerland, February 19, 1998 - ABB, the international electrical engineering company, has signed an agreement with American Manufacturing Corporation, of Philadelphia, to acquire its subsidiary, August Systems, one of the world’s leading providers of industrial safety systems for petrochemical and petroleum operations. August Systems, who employs 100 people worldwide with revenues of US$ 16 million, is based in the U.K. and has additional facilities in the U.S. and Singapore. This new acquisition will allow ABB to offer the world’s widest product portfolio of industrial safety systems in petrochemical and petroleum sectors.

August Systems’ range of products includes process applications such as emergency and process shutdown, control of critical processes, fire and gas detection as well as equipment protection systems that are vital to the operation of petrochemical and petroleum facilities. This will complement ABB’s existing Advant industrial safety system, which has a successful track record of more than 20 years.
The new company will be part of ABB’s lndustrial and Building Systems Segment which employs 95,000 people worldwide with orders in 1996 of approximately US$ 17 billion. The ABB Group employs approximately 216,000 people with orders in 1996 of
US$ 36 billion. (End)

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