08-04-2016

Announcing Yokogawa’s acquisition of KBC

We are delighted to announce that the acquisition of KBC Advanced Technologies plc by Yokogawa Electric Corporation completed yesterday, 7 April 2016. Completion of the acquisition of KBC by Yokogawa follows an earlier unsuccessful offer by Aspen Technology, Inc, to acquire KBC. 

We are extremely excited about what the future holds for KBC with Yokogawa. Yokogawa recognises the strength of KBC’s technology, consultants and leadership and will invest in KBC’s future success. Whilst we are coming together with Yokogawa as a wholly - owned subsidiary, Yokogawa admires and recognises the strength of the KBC brand and will maintain and invest in it. All current contractual obligations between KBC or its subsidiaries and clients and partners and other third parties will continue to be honoured, with no change to terms and conditions for contracted and ongoing produc t and / or service obligations.

The integration of KBC’s distinct consulting and software capabilities with Yokogawa’s excellence in the industrial automation field will ensure we continue to deliver superior results  for our clients which are sustained over the long term. With Yokogawa we are able to accelerate our strategy which is centred on making our clients world - class in terms of operational  excellence and profitability.

Joining Yokogawa brings a unique dimension to KBC’s market offerings. Combining both companies’ services widens the range of KBC’s service portfolio from premium consulting services to simulation software, control systems and sensors, allowing us to improve clients’ efficiency from management to the field, focusing on the entire life cycle of our clients’ assets. As a result, we will be able to focus more on ultimate value to our clients. We are excited to be taking our next step towards being the most innovative technology - based consulting company for hydrocarbon facilities  – solving our client’s toughest challenges.

For more information, please visit www.kbcat.com