Emerson Completes Aventics Acquisition
Dubai,
July 24, 2018 -
Emerson (NYSE: EMR) announced it has
completed the purchase of Aventics, a global leader in smart pneumatics
technologies that power machine and factory automation applications. The
acquisition will significantly expand the company’s reach in the growing $13
billion fluid automation market and solidify Emerson’s automation technology
presence in Europe.
Aventics
is a strong complement to Emerson’s capabilities and solutions in key discrete
and hybrid automation markets. The acquisition 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.
With
central offices in Laatzen, Germany, Aventics has approximately 2,100 employees
globally with five manufacturing locations.
Emerson
plans to address the financial impact of this acquisition within its third
quarter earnings release and conference call scheduled for August 7, 2018.
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