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$340 million acquisition entwines two of automation's giants
Two of the automation market's biggest players will come together in November when Harris Corp. completes its acquisition of Encoda Systems Inc. for $340 million in cash. The move brings together two complementary automation systems.
"The Harris system is optimized for single stations with up to 10 or 20 channels," says Howard Lance, chairman, president and CEO of Harris. "But the Encoda system is optimized for very large and complex applications, literally extending to hundreds of channels."
Both companies are about more than automation. Harris is known primarily for its transmitter, networking and automation products, all of...