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Emerson Completes Pentair Valves &
Controls Acquisition
Emerson (NYSE: EMR) announced that it
has completed the purchase of the Valves &
Controls business from Pentair plc (NYSE:
PNR) for $3.15 billion.
“This acquisition enables us to continue to
grow our global footprint in automation and
expand our leadership position in key served
markets such as chemical, power, refining,
mining and oil and gas,” said Chairman and
Chief Executive Officer David N. Farr. “By
adding these highly respected products and
aftermarket services to our portfolio, Emerson
is better positioned to serve the needs of our
global customers.”
Headquartered in Schaffhausen, Switzerland,
the Valves & Controls business is a leading
provider of valve solutions and services with
nearly 7,500 employees around the world. The
business will be integrated into Emerson’s
Automation Solutions platform.
Mike Train, Automation Solutions executive
president, said, “Pentair’s Valves & Controls
business fits extremely well with Emerson’s
existing portfolio of Fisher control valves and
regulators and Bettis actuators. The addition
of market leading product brands such as
Anderson Greenwood, Vanessa and Keystone
creates the most comprehensive global valve
business. Emerson’s final control portfolio
now includes control valves, pressure relief,
butterfly, gate, globe, ball and check valves,
and an extensive global network of more
than 200 service centers. The combination of
these two leading businesses will allow us to
better support and help customers select the
right product and maintain it for the life of the
asset.”
David N. Farr
Chairman and
Chief Executive Officer
Oil & Gas Leaders • June 2017
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