MTI Mtl Instruments

RNS Number:6442A
MTL Instruments Group PLC
23 July 2007




                         The MTL Instruments Group plc
               acquires Ocean Technical Systems Limited for #3.0m

The MTL Instruments Group plc ("MTL") announces that it has acquired Ocean
Technical Systems Ltd, ("OTS"), the UK-based specialist in SCADA (Supervisory
Control and Data Acquisition) solutions for the oil and gas industries, for
#3.0m in cash.

OTS has established a strong position as an international provider of SCADA
solutions for the automation of the berthing, loading and unloading of oil
tankers and oil production vessels floating production units (FPSOs), unmanned
wellhead production platforms and the monitoring of oil and gas pipelines. This
equipment operates in hazardous and potentially flammable environments and is,
therefore, a natural fit for MTL, who have a world-leading position in the
provision of hazardous area control and instrumentation equipment.

Following the transaction, it is expected that the OTS business will be able to
extend its international customer base by leveraging MTL's sales channels and
OEM relationships. It will also have an opportunity to improve its
competitiveness by utilising MTL's purchasing power and electronic circuit board
manufacturing capability.

The directors believe that the acquisition will be earnings enhancing in the
first full year of ownership. (Note 1)

Graeme Philp, MTL's Chief Executive, commented; "Ocean Technical Systems is
another excellent acquisition for MTL. Over the last few years it has developed
an innovative and highly competitive range of SCADA and navigation products for
the automation of the berthing and loading of oil tankers and oil production
vessels and the monitoring of oil and gas pipelines. By giving OTS access to its
international sales team, MTL will help to accelerate the expansion of its
international reach."

Note 1: The statement regarding earnings enhancement does not constitute a
profit forecast nor should it be taken to mean that the earnings per share of
MTL in the year ending 31 December 2007 will necessarily match or exceed the
historical earnings per share of MTL.


For Further Information:
Graeme Philp, Chief Executive,                          01582 407250
Bill Greenhalgh, Finance Director,                      01582 407227
The MTL Instruments Group plc

Terry Garrett / Stephanie Badjonat                      020 7067 0700
Weber Shandwick Financial

End: 23 July 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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