Emerson, a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets, has 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 US$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 optimise 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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