Acquisition conditions have been accepted

Emerson announced it has agreed on terms to acquire Aventics. With Headquarters in Laatzen, Grrmany, Aventics is among the global leaders in smart pneumatics technologies that power machine and factory automation applications, and will significantly expand Emerson’s presence in key discrete and hybrid automation markets, including food and beverage, packaging, automotive assembly and medical equipment. 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. 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 and performance, enhance safety and optimize energy usage. These technologies complement Emerson’s extensive innovation and leadership in improving operations through digitalization, pervasive sensing and asset health monitoring.
The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals, Aventics’ finalization of necessary consultations and other customary closing conditions.