Emerson Electric (EMR) Acquires Blending & Transfer Systems Business of FMC Technologies (FTI)
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
Emerson (NYSE: EMR) is extending its presence in advanced flow measurement and control technologies with the acquisition of the Blending & Transfer Systems business of FMC Technologies (NYSE: FTI), a leading provider of systems for lubricant, grease, fuel and chemical blending applications within the refining and chemical industries. The Blending & Transfer Systems business will join the flow solutions segment within Emerson Automation Solutions, complementing industry-leading brands like Micro Motion™ and DeltaV™. The combination creates a strong product and software portfolio to solve customers’ most critical blending applications in refining and chemical end markets.
“As our customers comply with increasingly demanding environmental regulations and utilize varying crude stocks to maximize profitability, comprehensive blending systems play a vital role in the effectiveness of their operations,” said Ram Krishnan, Group President, Flow Solutions.
“The blending systems expertise and application specific control modules brought in through this acquisition, combined with our breadth of instruments, valves, and control systems, enable Emerson to provide customers with increased system uniformity, lower cost and improved compatibility, all of which drive improved operating performance,” said Mike Train, Executive President, Automation Solutions. “The acquisition of the Blending & Transfer Systems business follows our strategy to invest in assets and technologies that expand our offerings to solve our customers’ most critical issues and best position Emerson Automation Solutions for long-term growth,” Train continued.
Terms of the acquisition were not disclosed.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- B&G Foods (BGS) Acquires Victoria Fine Foods for $70M
- Franklin Street Properties (FSP) Acquires Denver-Located Dominion Towers