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BusinessNews
May 6, 2006
Cooper Industries Acquires Wheelock
Cooper Industries Ltd., Houston, announced the acquisition of Wheelock Inc., a designer and manufacturer of fire safety and emergency incident communications systems and devices. Based in Long Branch, N.J., Wheelock is a privately held company with 2005 annual revenues of approximately $46 million. Financial terms were not disclosed. The company will become part of Cooper Menvier, which is based in the United Kingdom. Visitwww.cooperindustries.com.
New Speco Sales Rep
Speco Technologies, Amityville, N.Y., announced that Peter E. Schmitt Co., Pompano Plains, N.J., has joined its representative sales force team. They will be serving the professional, commercial and residential audio markets for the company, representing Speco’s audio products in Northern New Jersey and Southern New York. Visit.www.specotech.com.
Microtrace, H.W. Sands Sign Letter of Intent
Minneapolis-based Microtrace LLC and H.W. Sands Corp. announced they have signed a letter of intent to form a strategic alliance, marketed under the Sands-Secure line of security solutions. H.W. Sands will represent Microtrace technologies and capabilities, to the card market. Visitwww.microtracesolutions.comandwww.hwsands.com.
Avnet, DataCom Team to Deliver Exclusive IBM Video
Avnet Partner Solutions Americas, announced a new relationship with DataCom Systems Inc. for Avnet to be the exclusive distributor of DataCom’s network video servers, which are integrated directly into IBM’s xSeries and BladeCenter servers. The digital video surveillance system should enable the company to expand into the security and surveillance market.