Emerson agrees to buy Aventics
ST. LOUIS, – Emerson announced it has agreed
Aventics builds upon and strengthens Emerson’s capabilities and solutions in key discrete and hybrid automation markets, including food and beverage, packaging, automotive assembly and medical equipment. Emerson’s expanded offering creates one of the broadest portfolios of fluid control and pneumatic devices that incorporate sensing and monitoring capabilities to improve system uptime and performance, enhance safety and optimize energy usage. These technologies complement Emerson’s extensive innovation and leadership in improving operations through digitalization, pervasive sensing and asset health monitoring.
“We will now offer the industry's widest range of fluid automation products and solutions with unmatched delivery, reliability
“This acquisition adds another strong, complementary technology portfolio into the Emerson family, creating value for our customers and more opportunities for growth,” Farr added.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.
“Aventics brings technologies, capabilities
“With Aventics, we will gain a valuable footprint in Germany, a key market for automation technology and investment,” Train added. “Aventics also brings opportunities for Emerson to better serve customers in hybrid markets like food & beverage, providing intelligent devices and solutions from processing through packaging.”
The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals, Aventics’ finalization of necessary consultations and other customary closing conditions.
Comments