Tuesday, the White House released its budget proposal. While most of the national news has highlighted the cuts to Medicaid, Food Stamps and other...
Rotork aquired Korean-based Young Tech Co. Ltd.
Rotork plc expanded its range of instrumentation products with the acquisition of Young Tech Co. Ltd. (YTC).
YTC is a Korean-based ISO9001-certified manufacturer of positioners and accessories mainly associated with pneumatic valve actuation. YTC products, including electro-pneumatic, pneumatic and smart positioners, solenoid valves and I to P converters, are widely recognized in worldwide flow control markets and industries. International hazardous area certifications include ATEX, IECEx, CSA and FM.
The acquisition of YTC, which will become part of the Rotork Instruments Div., is in line with Rotork’s strategy of extending its offering of flow control and pressure control products. The acquisition further enhances Rotork’s position in the Asia-Pacific market, whilst increasing YTC’s presence in Europe and the Americas.
“YTC is an excellent addition to our instruments division," said Peter France, chief executive of Rotork. "It is a highly respected manufacturer of instrumentation products, which are complementary to Rotork’s existing portfolio of products. This acquisition will enhance our range of instrumentation products and further enlarge our addressable market.”