The total purchase price is approximately 289 million dollars. MTL is a company in the development and supply of electronic instrumentation and protection equipment for use in hazardous environments. With about 6,000 active customers, many critical processes at the world’s largest industrial facilities are monitored, controlled, or protected by MTL products. For the year ended December 31, 2006, MTL reported consolidated revenues of 171 million dollars.

“We are very pleased to add MTL to our Cooper Crouse-Hinds portfolio and increase the breadth of our harsh and hazardous product offerings,” said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.

The MTL acquisition follows the Cooper’s disciplined three-tiered acquisition strategy: building upon the existing explosion-proof electrical products platform; adding significant technology offerings for customers in harsh and hazardous environments; and enhancing the footprint, as MTL is strong in developing markets.

Cooper Industries, is a global manufacturer with 2007 revenues of 5.9 billion dollars, approximately 87 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,500 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Safety, Cooper Power Systems, Cooper Wiring Devices and Cooper Tools. Cooper Connection provides a common platform for Cooper’s marketing and sales to electrical distributors.