Emerson Acquisition of Afag Accelerates Factory Automation Capabilities
Acquisition expands Emerson’s factory automation offering and enhances exposure to key growth opportunities in discrete and hybrid markets
(PresseBox) - Emerson: Emerson today announced it has acquired Afag Holding AG (“Afag”), an innovative leader in electric linear motion, feeding and handling automation solutions. The electric linear motion segment expands Emerson’s served market by more than $9 billion and is expected to grow mid-single digits annually, supporting Emerson’s long-term, profitable organic growth.
Afag, headquartered in Zell, Switzerland, brings state-of-the-art technology and innovation to Emerson. The acquisition enhances Emerson’s capabilities in factory automation and creates a leading motion portfolio that combines Afag’s electric linear motion solutions with Emerson’s pneumatic motion technology. Afag serves customers in markets that include battery manufacturing, automotive, packaging, medical, life sciences and electronics.
“Afag brings exciting technology that will enable Emerson to accelerate growth in our existing $900 million factory automation business,” said Ram Krishnan, chief operating officer of Emerson. “As discrete and hybrid customers continue to accelerate electrification across their manufacturing processes, Afag’s technology is ideally suited to provide improved energy efficiency and performance gains.”
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.
Unternehmensinformation / Kurzprofil:
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.
Datum: 08.09.2023 - 14:32 Uhr
Sprache: Deutsch
News-ID 690721
Anzahl Zeichen: 1867
contact information:
Contact person: Ronai AyhanMaria de Pablos
Town:
Langenfeld
Phone: +49 (511) 2136-862+34 (619) 0277-78
Kategorie:
Family
Diese Pressemitteilung wurde bisher 208 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Emerson Acquisition of Afag Accelerates Factory Automation Capabilities"
steht unter der journalistisch-redaktionellen Verantwortung von
Emerson Process Management GmbH&Co. OHG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
