NovaTech LLC to Acquire Bitronics Measurement Business Assets from AREVA Transmission and Distribution; Will Enhance NovaTech's Electric Utility and Process Industry Offerings.
QUAKERTOWN, PA, June 2, 2008. NovaTech LLC, a provider of electric utility and process
industry automation, and AREVA T&D, announced that the two companies have signed an
agreement for NovaTech LLC to acquire the measurement business assets of AREVA T&D,
including the complete Bitronics Measurement Product line, its PowerServe, MultiComm and
other high-performance electricity measurement instruments. The measurement products will
continue to be designed and manufactured in Bethlehem, PA, by Bitronics LLC, a NovaTech
affiliate, and will be marketed in the U.S. and western Canada under the well-known Bitronics
label.
"This acquisition of the Bitronics product line broadens NovaTech's product offerings to its
electric utility customers," said Volker Oakey, Chairman of NovaTech. "Bitronics has been a
market leader in providing electricity-measuring instruments to their electric utility customers for
many years. The instruments are characterized by their ruggedness and ability to provide
accurate electricity measurements over wide temperature ranges and under demanding
environmental conditions. NovaTech already serves electric utility customers with its popular
Orion Automation Platform along with integration tools and services. This affiliation will enable
us to accelerate new product development and to leverage the marketing and support for both
product lines."
"In addition," continued Oakey, "NovaTech's Process Solutions Division is developing and
implementing hardware and control system technologies that help our process industry
customers manage their energy needs more efficiently. Bitronics products will fit well in
solutions for customers who are seeking to optimize their conventional energy usage as well as
those installing high-efficiency co-generation systems and biomass gasification systems."
The agreement calls for AREVA T&D to continue marketing electricity measuring instruments,
designed and manufactured by Bitronics, through AREVA sales channels outside the U.S.
under the AREVA brand label.
About NovaTech LLC
NovaTech LLC is a high-performance technology company and a provider of hardware,
software and services. NovaTech products are employed in managing electricity
distribution and in controlling the production of ethanol, foods, chemicals, beverages, and
pharmaceuticals. Headquartered in Quakertown, PA, major NovaTech facilities are located
in Owings Mills, MD and Lenexa, KS. For more information, visit www.novatechweb.com.
Contact:
Ray Wright, NovaTech LLC
610-442-8555; ray.wright@novatechps.com
1720 Molasses Way, Quakertown, PA 18951
