US factory automation equipment maker Emerson Electric Co. has made an offer to acquire pump manufacturer Pentair Plc’s valves and controls division, according to sources familiar with the matter.
Pentair has received offers for the valves and controls business from companies other than Emerson, and there is no certainty that it will agree to any deal. According to sources, the unit for sale could be valued at approximately USD $2 billion.
Pentair inherited its valves and controls business as part of its $10 billion all-stock merger with Tyco International Ltd.’s flow control unit in 2012. Its fittings are used in machinery in the chemical, power generation, oil and gas and power generation sectors.