Columbia, IL, October, 6, 2005– MAVERICK Technologies, a U.S.-based global systems integration and operational consulting company, announced today the acquisition of the automation services business of GE Energy.
“We are very excited about this acquisition,” stated Paul J. Galeski, P.E., CAP, MAVERICK chairman and CEO. “The purchase of GE Energy’s Automation Services represents a strong strategic addition to our mix of automation, business, and reliability solutions, and is an integral part of our long-term strategy for sustained growth. Also, the acquisition will allow us to take advantage of the many cross-selling opportunities to our expanded customer base, broaden our national footprint, and enhance our global presence in the semi-conductor, power generation, water and wastewater, pulp and paper, and automotive markets.”
“After reviewing numerous options, we felt that the financial track record, strong management team, and compatible service offering, all pointed to MAVERICK Technologies as the best fit for this acquisition,” stated Ricardo Artigas, president of Energy Services for GE Energy. GE automation services employs over 300 associates in 16 facilities throughout the U.S.
With this transaction, MAVERICK will also be acquiring the controlling interest of C.F. Picou Associates, Inc., a global provider of advanced process control design and implementation services based in Baton Rouge, LA.
This latest move follows MAVERICK’s recent announcement of the company’s formation of and participation in the Global Systems Integrator Alliance (GSIA), a worldwide alliance of leading business consulting and integration firms. Both the automation services acquisition and the GSIA formation confirm MAVERICK’s position as the largest independent provider of integrated automation, business, reliability, and service solutions for the manufacturing and distribution industries.