Emerson announced it has agreed on terms to acquire Aventics from Triton for a cash purchase price of €527 million. Aventics is among the global leaders in smart pneumatics technologies that power machine and factory automation applications. Emerson is a leader in fluid automation technologies for process and industrial applications, and Aventics significantly expands the Company’s reach in this growing $13 billion market.
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. These technologies complement Emerson’s extensive innovation and leadership in improving operations through digitalization, pervasive sensing, and asset health monitoring.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.
The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals, Aventics’ finalization of necessary consultations, and other customary closing conditions.