Emerson to acquire Aventics
Emerson announced it has agreed on terms to acquire Aventics from Triton for a cash purchase price of €527 million (US $621 million).
Aventics offers smart pneumatics technologies that power machine and factory automation applications. Emerson provides fluid automation technologies for process and industrial applications, and Aventics significantly expands the company’s reach in this growing $13 billion market.
“We will now offer the industry's widest range of fluid automation products and solutions with unmatched delivery, reliability and performance, and now with the addition of Aventics’ expertise, Emerson is positioned to be the most capable global company when it comes to fluid automation technologies,” said David N. Farr, Emerson chairman and chief executive officer.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.
The acquisition is expected to close in the fourth quarter of fiscal 2018.
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