Emerson has signed an agreement to purchase the Valves & Controls business of Pentair for USD $3.15 billion. Pentair plc’s main US office is located in Minneapolis, Minnesota. The Pentair Valves & Controls business has nearly 7,500 employees around the world.
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of USD $5.2 billion as part of the company’s overall strategic portfolio repositioning that was initiated in June 2015.
The deal is expected to close in the next four to six months, subject to various regulatory approvals.