US engineering firm Emerson has snapped up Pentair’s Swiss-based valves and controls business for $3.15billion.
Headquartered in Schaffhausen, the unit is a 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.
Emerson chief executive David Farr said: “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.
“By adding these highly respected products and aftermarket services to our portfolio, Emerson is better positioned to serve the needs of our global customers.”
Recommended for you
