Cooper Industries Completes Acquisition of Hernis Scan Systems AS
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DUBLIN, Dec. 30, 2010 - Cooper Industries plc (NYSE: CBE) announced today that Cooper Safety has completed the acquisition of Hernis Scan Systems AS, following receipt of regulatory clearances and the requisite shareholder approval from shareholders of Vislink plc (LSE: VLK.L). The acquisition of Hernis Scan Systems is the fifth acquisition by Cooper this year and the third in the explosion-proof harsh and hazardous environment platform.
About Cooper Safety
Cooper Safety is a leading manufacturer of emergency lighting, security, fire detection and notification systems also offering lighting fixtures, and electrical installation materials. Our well-known brands and products can be found in a whole variety of industrial, commercial, and domestic settings providing protection to both life and property by offering fire and security detection, and escape route illumination in the event of an emergency. Cooper Safety also offers professional lighting solutions and high specification installation materials. Headquartered in Royal Leamington Spa, England, Cooper Safety comprises 11 different operating companies located in the UK, mainland Europe and North America. Together these businesses utilise in excess of 1 million square feet of modern manufacturing and warehousing space, and currently employ over 2,000 people.
About Cooper Industries
Cooper Industries plc (NYSE: CBE) is a global electrical products manufacturer with 2009 revenues of $5.1 billion. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has seven operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2009, sixty-one percent of total sales were to customers in the industrial and utility end-markets and thirty-nine percent of total sales were to customers outside the United States. Cooper has manufacturing facilities in 23 countries as of 2009. For more information, visit the website at www.cooperindustries.com.
For information contact:
Mark Doheny
Director of Investor Relations
Cooper Industries
713-209-8484
mark.doheny@cooperindustries.com
SOURCE Cooper Industries plc
Web Site: www.cooperindustries.com
