Emerson, a global leader in automation, said it has completed the purchase of Zedi’s software and automation businesses based in Calgary, Canada, with approximately 155 employees in North America.
By combining Zedi’s scalable cloud platform and applications expertise with Emerson’s extensive applications, controller, instrumentation and flow metering portfolio, this acquisition expands opportunities for Emerson across the global oil and gas production market, said a statement from the company.
The addition of Zedi’s cloud supervisory control and data acquisition (SCADA) platform will further enable Emerson to help oil and gas producers increase production and lower operating costs through cloud-based monitoring, control and optimisation, it stated.
Lal Karsanbhai, executive president of Emerson’s Automation Solutions business, said: “As world energy demand continues to grow, helping our vital oil and gas market customers maximise their resources is a top priority.”
“Through our vast portfolio of automation technologies, we are helping the industry navigate ever-changing market dynamics and operational challenges. The addition of Zedi strengthens our ability to help customers leverage the latest advances from the field to the refinery,” noted Karsanbhai.
Zedi’s technology currently enables customers to monitor more than 2 million sensors and thousands of devices and applications, he added.
Jim Nyquist, group president of Emerson’s systems and solutions business, said: “Oil and gas producers today are challenged to meet production targets while controlling costs, and they are looking for opportunities to transform operations and make their teams more effective through digital solutions like analytics and mobility.”
“This important investment bolsters our portfolio and ability to help our customers achieve top quartile performance through emerging Industrial Internet of Things technologies,” he added.-TradeArabia News Service