Cooper Industries to Acquire HERNIS Scan Systems AS

Cooper Industries plc (NYSE: CBE) today announced the signing of an agreement to acquire Hernis Scan Systems AS, a Norway-based manufacturer of closed circuit television (CCTV) systems for use in harsh and hazardous environments, from Hernis' parent company, Vislink plc.

Hernis specializes in the manufacture of explosion-proof CCTV systems certified for use in onshore and offshore oil and gas, marine and petrochemical markets worldwide. Subject to obtaining approval from the shareholders of Vislink, and receipt of regulatory approvals, Hernis would become part of the Cooper Safety division of Cooper Industries.