Emerson announced it has agreed on terms to acquire Aventics from Triton for a cash purchase price of € 527 million. The acquisition complements and strengthens Emerson’s global presence in delivering fluid automation solutions, in discrete and hybrid key market such as food and beverage, packaging, automotive assembly and medical equipment, gaining a valuable footprint in Germany.
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, performance, enhance safety and optimize energy consumption. These technologies complement Emerson’s extensive innovation in improving operations through digitalization, pervasive sensing and asset health monitoring, for predictive maintenance through integrated diagnostics.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million. The acquisition is expected to close in the fourth quarter of fiscal year 2018.