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Cooper Industries announces acquisition of Eka Systems
By siliconindia
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Wednesday, 14 April 2010, 23:17 IST
Dublin: Cooper Industries Power Line Carrier has announced the acquisition of Eka Systems, a provider of RF wireless networking technologies for smart grid communication applications.
"This is the fourth acquisition we have made into our Energy Automation Solutions (EAS) business and demonstrates Cooper's ongoing commitment to being a market leader in utility automation," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.
Eka Systems' product offering includes radios, wireless repeaters, meter nodes, gateways and data collection tools and operates over the widely used 900Mhz radio frequency for domestic markets and the 2.4GHz frequency for international markets
Eka Systems will be integrated into the EAS group, the smart grid platform within Cooper's Power Systems division. Largely due to planned additional research and development investment, the acquisition is anticipated to reduce Cooper's 2010 forecasted earnings per share by approximately $.03.
However, terms of the transaction were not disclosed. Acquisition of RF wireless technology combines with Power Line Carrier (PLC) technology to significantly enhance smart grid product offering