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Article: GE Fanuc Automation Agrees to Acquire Total Control Products, Inc., Expands Open Systems Solutions.
- Article from:
- PR Newswire
- Article date:
- November 23, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELROSE PARK, Ill., Nov. 23 /PRNewswire/ -- Total Control Products, Inc. (Nasdaq: TCPS) today announced it has signed definitive agreements to sell 100% of its shares at $11 per share to GE Fanuc Automation, Inc. Total Control Products, founded in 1983, designs, develops and markets leading edge open control and display products for the industrial automation market. The acquisition adds a new dimension to GE Fanuc's open control initiative and strengthens its CIMPLICITY display product offering, enhancing the companies position in Open Controls and Operator Interface.
"At GE Fanuc, our mission is to improve our customers' productivity with the best industrial ...