SPX's Edwards Systems Technology Subsidiary Acquires Ziton
5 September 2000
SPX's Edwards Systems Technology Subsidiary Acquires ZitonMUSKEGON, Mich., Sept. 5 SPX Corporation today announced that its Edwards Systems Technology subsidiary has acquired Ziton SA (Pty) Ltd. Ziton, with revenues of approximately $14 million, is a manufacturer of fire detection and alarm systems distributed in Africa, the Middle East, Europe, the Far East, and Australia. With a manufacturing facility in Cape Town, South Africa, Ziton's sales administration is based in Milton Keynes, the United Kingdom. Commenting on today's announcement, John B. Blystone, Chairman, President and CEO of SPX Corporation said, "Leveraging our core competencies is a key component of our growth strategy. The acquisition of Ziton adds complementary technology, expands the product and service offerings, bolsters Edwards Systems Technology's global position, and provides internationally based manufacturing capabilities for life safety systems."