Emerson Acquiring Pentair’s Valves & Controls Business
Emerson will buy Pentair’s Valves & Controls business unit for $3.15 billion. The acquisition establishes Emerson’s global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio, the company said. The deal is expected to close in the next four to six months.
The transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for $5.2 billion as part of the company’s overall strategic portfolio repositioning, initiated in June 2015.
Headquartered in Schaffhausen, Switzerland, the Pentair Valves & Controls business has nearly 7,500 employees around the world. The business has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries. With product brands like Anderson-Greenwood, Crosby, Vanessa, Keystone and Biffi, Pentair Valves & Controls has been a global leader in providing valve solutions for customers.
“The Pentair Valves & Controls business is a strong fit for us as they share many of the same management principles that have defined success for Emerson over the years such as global customer support, service, best cost sourcing and manufacturing,” said Mike Train, executive vice president.
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