Emerson acquires pipeline software specialist GeoFields
Emerson has completed the acquisition of GeoFields, a major global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.
GeoFields’ software is designed to enable pipeline operators to collect critical integrity data, perform risk modelling and high consequence area (HCA) risk analysis, and prioritise pipeline integrity-related maintenance and asset management activities.
In a statement, Emerson claims that the acquisition will expand its expertise in pipeline solutions for the oil and gas industry. The terms of the agreement have yet to be disclosed.
“Expanding our digital portfolio with the GeoFields software and services for pipeline integrity management enables us to bring proactive asset reliability solutions to our customers,” said Mike Train, executive president of Emerson Automation Solutions.
“By combining GeoFields with our existing Plantweb digital ecosystem offerings and maintaining our focus on innovation and consulting, we can help customers maximise the value of their investments, ensure greater regulatory compliance and reduce risk associated with costly releases and safety incidents.”
Emerson’s wide portfolio of pipeline solutions for the oil and gas industry includes pipeline and terminal enterprise commercial management solutions, operations management software, pipeline modelling and leak detection, SCADA systems, corrosion and erosion monitoring, valve and control solutions, flow metering and measurement technologies.