Emerson (EMR) has agreed on terms to acquire Aventics from Triton for a cash purchase price of EUR 527M. Aventics provides smart pneumatics technologies that power machine and factory automation applications. Emerson provides automation technologies for process and industrial applications.
Aventics builds upon and strengthens Emerson’s capabilities and solutions in key discrete and hybrid automation markets, including food and beverage, packaging, automotive assembly and medical equipment. 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.
The acquisition is expected to close in the Q4 of fiscal 2018 subject to regulatory approvals.