Emerson has boosted its fluid automation business with the acquisition of Aventics for more than US$600m.
Aventics, a smart pneumatics developer, produces technologies that power machine and factory automation applications and will expand Emerson’s reach in a market that is worth an estimated US$13bn.
Emerson chairman and chief executive officer David N Farr, said, “With the addition of Aventics’ expertise, we are positioned to be the most capable global company when it comes to fluid automation technologies. This acquisition adds another strong, complementary technology portfolio to the Emerson family.”
“Aventics brings technologies, capabilities and expertise critical to digitalization of manufacturing, including predictive maintenance through integrated diagnostics, an important priority for our Automation Solutions business,” said Mike Train, executive president, Emerson Automation Solutions. “With Aventics, we will gain a valuable footprint in Germany, a key market for automation technology and investment,” he added.
“Aventics also brings opportunities for Emerson to better serve customers in hybrid markets like food & beverage, providing intelligent devices and solutions from processing through packaging.”
Based in Laatzen, Germany, Aventics has approximately 2,100 employees globally, with five manufacturing locations and 2017 sales of US$425m.