GE Fanuc Intelligent Platforms today disclosed its intent to acquire the process technology assets of MTL Instruments Group, an industrial control and instrumentation company based in the U.K.
The deal — expected to close in the next four to six weeks, pending regulatory approval — will result in the transfer of the MTL Open Systems Technology (MOST) product lines to GE Fanuc. The MOST technology includes general purpose I/O, intrinsically safe I/O, the SafetyNet SIL2-certified safety architecture, and process control products.
Terms of the deal were not disclosed.
The move is GE Fanuc's latest attempt to strengthen its process offerings following the announcement of its Proficy Process System last year — its first full-scale foray into hybrid control offerings.