Tag: David N. Farr

RELEASE: Emerson agrees to buy Aventics

Emerson (NYSE: EMR) today announced it has agreed on 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 $13 billion market. Aventics builds upon and strengthens Emerson’s capabilities and solutions […]

RELEASE: Emerson to acquire Tools and Test Equipment business from Textron

Emerson (NYSE: EMR) today announced it has signed an agreement to purchase the Tools and Test Equipment (Tools & Test) business of Textron (NYSE: TXT) for $810 million. Tools & Test is a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly respected brands, including Greenlee and Klauke. The acquisition, joined with Emerson’s Ridge Tool Company, creates a global $1 billion professional tools business with […]