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Siemens Metals Technologies Acquires Remaining Shares in Shape Technology
10/04/2007 - Siemens Metals Technologies has taken over the remaining 50% of Shape Technology Ltd., a U.K. based provider of mechatronic instruments used to measure and record metal shape and profile conditions.
Siemens Metals Technologies has taken over the remaining 50% of Shape Technology Ltd. of Bournemouth, U.K, and will merge its components business in the metallurgical plant building industry.
Shape Technology offers a series of measurement systems that are used in the metals rolling and processing. The systems feature mechatronic instruments for the geometric quality control information obtained by measuring and recording the metal’s shape and profile conditions. Shape Technology also sells coolant filtration as well as pickling tank systems for cooling and pickling agents that are used continuously during the process.
Shape Technology will introduce its products in plant building as a separate subdivision within the global organization of Siemens Metals Technologies, and will also continue to sell its products to third parties.
Metals Technologies (MT), a Division of the Siemens Group Industrial Solutions and Services (I&S), is one of the world's leading engineering and plant-building companies for the iron and steel industry as well as for the flat-rolling sector of the aluminum industry and for open-cast mining. Created from the integration of Voest-Alpine Industrieanlagenbau, Linz/Austria and the electrical engineering product business and automation solutions of Siemens, MT provides a comprehensive range of supplies and services for all related technological processes and integrated automation solutions for the entire life-cycle of metallurgical plants.
The Siemens Industrial Solutions and Services Group (I&S) is the integrator of systems and solutions for industrial and infrastructure facilities and global service provider for the plant and projects business covering planning, installation, operation and the entire life cycle. I&S uses its own products and systems and process technologies in order to enhance productivity and improve competitiveness of companies in a variety of sectors. In fiscal 2006 (to September 30) I&S employed a total of 36,200 people worldwide and achieved total sales of EUR 8.819 billion, according to U.S. GAAP
Founded in 2001, Shape Technology was most recently a 50:50 affiliated company of Siemens VAI Metals Technologies with Foray 1315 Limited, Dorset, U.K. (a holding company). In addition to its headquarters in the U.K., Shape Technology also has a 100% subsidiary company in the USA. The company employs approximately 60 employees and recently achieved sales in the amount of 20 million euros with their measuring, filter and pickling tank systems.
