Emerson has signed an agreement to purchase the Valves & Controls business of Pentair for USD 3.15B.
“This acquisition delivers on our strategic plan of investing in Automation Solutions and in markets where we have a global leadership position and see significant long-term growth opportunities,” said Chairman and Chief Executive Officer David N. Farr. “By adding Pentair’s Valves & Controls leading technologies and services to our already broad portfolio, we have positioned our businesses to grow while continuing to provide our customers around the world with more complete solutions to their toughest challenges.”
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of USD 5.2B as part of the Company’s overall strategic portfolio repositioning that was initiated in June 2015.
Headquartered in Schaffhausen, Switzerland, the Pentair Valves & Controls business has a global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries.
