Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, has acquired Westlock Controls (Westlock) from Emerson Electric Co. (EMR) for cash consideration of USD 40M.
Westlock manufactures and sells switchboxes, position transmitters and other solutions for networking, monitoring and controlling process valves.
Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the hydrocarbon processing, petrochemical, chemical, power generation, unattended payment, automated merchandising, aerospace, electronics, transportation and other markets. The Company has four business segments: fluid handling, payment & merchandising technologies, aerospace & electronics and engineered materials.