Cooper Wiring Devices

Part
01
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Part
01

Cooper Acquisitions - 3

Between 1998 to 2000, Cooper Industries acquired ten companies: Corelite, Willsher & Quick, Neo-Ray, Regent Lighting, Industrias Royer, and JSB Electrical among others. The requested data on these companies can be found in the attached spreadsheet.

SUMMARY

  • In May 2000, Cooper Industries acquired Sigma's B-Line Systems' business for $430.6 million. At the time, B-Line Systems' sales was $253 million.
  • Cooper Industries acquired Eagle Electric Manufacturing in March 2000 for $124.6 million.
  • JSB Electrical was bought out by Cooper Industries for $61 million in May 1999.
  • Cooper Industries acquired Capri-Codec SA, a French electrical company, in May 1999. At the Time, Capri-Codec SA had sales of $25 million.
  • Industrias Royer, an electrical company based in Mexico, was bought out by Cooper Industries in June 1998 for an undisclosed amount.

RESEARCH STRATEGY

While we were able to gather majority of the requested data on Cooper Industries' acquisitions, the website link, value of acquisition, and company logo for a few of the acquisitions could not be ascertained.

We first relied on press releases and news articles by publications like Biz Journals to get this information. In cases where this was futile, we turned to Cooper Industries' annual reports for 1998 to 2000. There, Cooper Industries explained that it chose not to disclose financial details for some of its transactions.

With this in mind, we examined company profiles by platforms by Bloomberg for the website link and company logo of the acquired businesses. There, we found the website links we needed but most of them led to domain names for sale. Using an archive tool to explore the websites of these companies before they were acquired worked in a few cases. For the others, NA has been entered into the spreadsheet since we exhausted available search strategies and still found nothing.
Part
02
of five
Part
02

Cooper Acquisitions - 4

Between 2001 to 2003, Cooper Industries did not announce any acquisitions. The requested data on the companies it acquired after 2003 can be found in the attached spreadsheet.

SUMMARY

  • In 2001, Cooper Industries received an unsolicited merger bid from Danaher Corporation, its competitor at the time. Cooper Industries chose to reject this merger bid.
  • In November 2005, Cooper Industries bought out Novitas, a California-based company for an undisclosed amount.
  • Novitas manufactured switch packs, occupancy sensors, passive infrared & ultrasonic technology ceiling, and wall box sensors. It had sales of $7 million at the time.
  • According to the CEO of Cooper Wiring Devices, "Novitas’ products are considered to be among the highest quality and most technologically advanced products in the marketplace today."

RESEARCH STRATEGY

In order to identify the companies Cooper Industries acquired between 2001 to 2003, we first relied on press releases and news articles by publications like Biz Journals to get this information. In cases where this was futile, we turned to Cooper Industries' annual reports for 2001 to 2003. There, Cooper Industries only outlined the companies it bought out before 2001. We also leveraged an archive tool to examine Cooper Industries' website during this period for any mention of its acquisitions. This also led to a dead end.
Part
03
of five
Part
03

Cooper Acquisitions - 5

Cooper Industries bought out at least three companies between 2004 to 2006. The requested data on these companies can be found in the attached spreadsheet.

SUMMARY

  • G&H Technology was acquired by Cooper Industries in January 2006 for an undisclosed amount.
  • According to Cooper Industries, "G&H provides highly technical specification-grade technologies that augment the traditional markets served by [its] Cooper Crouse-Hinds portfolio and extend [its] growth opportunities in the military, molded products and heavy-duty industrial sectors."
  • In March 2006, Cooper Industries bought out Wheelock for an undisclosed amount. At the time, Wheelock's revenue was $46 million.
  • Cooper Industries mentioned that the transaction was done due to Wheelock's strong history of innovation.
Part
04
of five
Part
04

Cooper Acquisitions - 6

From 2007 to 2008, Cooper Industries bought out five companies: OMNEX Control Systems, Sure Power, Roam Secure, MadahCom, and WPI Interconnect products. The requested information on these companies can be found in the attached spreadsheet.

SUMMARY

  • Cooper Industries acquired Sure Power and OMNEX Control Systems together. Both companies were bought out for a combined purchase price of $90 million.
  • According to Cooper Industries, Sure Power and OMNEX Control Systems had combined sales of $58 million at the time of purchase.
  • Roam Secure was acquired by Cooper Industries in January 2008 for $10 million.
  • As explained by Cooper Industries, “the acquisition of Roam Secure further extends our Cooper Notification platform and we can now offer an industry-first convergence of a comprehensive indoor and outdoor notification solution coupled with regional text alerting to protect, alert, and inform people in virtually any environment globally.”
  • Cooper Industries bought out MadahCom in July 2007 for $43 million.
Part
05
of five
Part
05

Cooper Acquisitions - 7

In 2009, Cooper Industries only acquired one company: Illumination Management Solutions. The requested data on the company can be found in this spreadsheet.

SUMMARY

  • In March 2009, Cooper Industries acquired Illumination Management Solutions for an undisclosed amount.
  • Illumination Management Solutions designed and manufactured "LED systems and fixtures for a variety of lighting applications and has developed innovative LightBAR™ technology."
  • These LED Systems and Fixtures extend design life and "performance in roadway and infrastructure lighting, as well as safety applications in oil and gas, emergency lighting and other industrial applications."
  • According to Cooper Industries, the acquisition of IMS and the talent it brings into our organization strongly complements our technology investments."
Sources
Sources