Emerson Completes Aventics Acquisition
Emerson 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.
Click here to view the original acquisition announcement and accompanying presentation. Emerson plans to address the financial impact of this acquisition within its third quarter earnings release and conference call scheduled for August 7, 2018.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure.
source: Emerson