The company says the acquisition complements and strengthens its global presence in delivering fluid automation solutions.
Emerson announced on 17 May that it has agreed on terms to acquire Aventics from Triton for €527 million. Aventics supplies ‘smart’ pneumatics technologies for machine and factory automation applications. Emerson is a provider of fluid automation technologies for process and industrial applications. The transaction will be completed in cash.
The purchase of Aventics is meant to build on and strengthen Emerson’s capabilities and solutions in key discrete and hybrid automation markets. Emerson’s portfolio of fluid control and pneumatic devices incorporates sensing and monitoring capabilities to improve system uptime and performance, enhance safety and optimise energy usage.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million (€362 million).
“Aventics brings technologies, capabilities and expertise that are critical to digitalisation of manufacturing, including predictive maintenance through integrated diagnostics, an important priority for our Automation Solutions business,” said Mike Train, executive president at Emerson Automation Solutions.
“With Aventics, we will gain a valuable footprint in Germany, a key market for automation technology and investment.”
The acquisition is expected to close in Q4 of 2018.