Friday 19 July 2024

Emerson completes Aventics acquisition

UAE, July 23, 2018

US-based Emerson, a global technology company, 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, said a statement from the company.

Aventics is a strong complement to Emerson’s capabilities and solutions in key discrete and hybrid automation markets, it said.

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, it added.

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, it stated. – TradeArabia News Service

Tags: | acquisition | Emerson | Aventics |

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