Emerson announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel’s fiscal & custody transfer systems and ultrasonic flowmeter businesses are not included in the transaction.
Headquartered in Houston with a state of the art, strategically located manufacturing facility in Chihuahua, Mexico, Daniel is a global leader providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. With an 85-year heritage as the preeminent supplier of engineered solutions for flow measurement in custody transfer applications, Daniel is the most trusted brand for customers across the energy and hydrocarbon supply chain.
This sale demonstrates Emerson’s strategic priority to focus its portfolio and management attention on data-rich, software-enabled technologies in diversified and high growth end markets.
The transaction is expected to close in Emerson’s 2021 fiscal year and includes all of Daniel’s brand rights, facilities, intellectual property and personnel. Emerson will work closely with Turnspire to ensure a smooth transition for customers and employees.