US-based Emerson, a global technology and engineering company, has completed the purchase of the Valves & Controls business from Pentair for $3.15 billion.
Headquartered in Schaffhausen, Switzerland, the Valves & Controls business is a leading provider of valve solutions and services with nearly 7,500 employees around the world. The business will be integrated into Emerson’s Automation Solutions platform.
David N Farr, chairman and chief executive officer of Emerson, said: “This acquisition enables us to continue to grow our global footprint in automation and expand our leadership position in key served markets such as chemical, power, refining, mining and oil and gas.”
“By adding these highly respected products and aftermarket services to our portfolio, Emerson is better positioned to serve the needs of our global customers,” he added.
Mike Train, executive president of Emerson Automation Solutions, said: “Pentair’s Valves & Controls business fits extremely well with our company’s existing portfolio of Fisher control valves and regulators and Bettis actuators.”
“The addition of market leading product brands such as Anderson Greenwood, Vanessa and Keystone creates the most comprehensive global valve business,” he said.
“Emerson’s final control portfolio now includes control valves, pressure relief, butterfly, gate, globe, ball and check valves, and an extensive global network of more than 200 service centres. The combination of these two leading businesses will allow us to better support and help customers select the right product and maintain it for the life of the asset,” he added. – TradeArabia News Service