Emerson agrees to buy Aventics
Acquisition complements and cements Emerson’s presence in delivering fluid automation solutions
Technology vendor Emerson has agreed terms to acquire Aventics from Triton for a cash purchase price of €527 million.
Aventics is among the global leaders in smart pneumatics technologies that power machine and factory automation applications. Emerson is a leader in fluid automation technologies for process and industrial applications, and Aventics significantly expands the company's reach in this growing $13bn market.
Aventics builds upon and strengthens Emerson's capabilities and solutions in key discrete and hybrid automation markets, including food and beverage, packaging, automotive assembly and medical equipment.
Emerson's expanded offering creates one of the broadest portfolios of fluid control and pneumatic devices that incorporate sensing and monitoring capabilities to improve system uptime and performance, enhance safety and optimie energy usage.
"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 Emerson chairman and CEO David N. Farr.
"This acquisition adds another strong, complementary technology portfolio into the Emerson family, creating value for our customers and more opportunities for growth," Farr added.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425m.
"Aventics brings technologies, capabilities and expertise that are 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," Train added.
The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals.