Emerson Strengthens Presence in Renewable Energy Sector with Acquisition of Mita-Teknik
December 16 2021 - 7:00AM
Business Wire
Transaction expands Emerson’s capabilities
within the wind power generation market
Emerson (NYSE: EMR) today announced it has acquired Mita-Teknik
in an all-cash transaction. Founded in 1969, Mita-Teknik is a
leader in the control automation business for wind power
generation, equipping wind turbines and wind farms with
technologies for optimal performance and unsurpassed reliability.
This acquisition is highly complementary to Emerson’s existing
control system portfolio and supports the company’s ability to help
customers in their quest to digitally transform operations and meet
sustainability goals.
Mita-Teknik’s proprietary controls manage wind turbine operation
to maximize energy production, while their control software
optimizes wind farm output to provide the lowest-cost source of
energy. In addition to Mita-Teknik’s full portfolio of OEM
technologies, they serve the fast-growing aftermarket segment by
offering cost-competitive retrofit solutions that extend turbine
operational life and increase annual energy production.
Mita-Teknik has a meaningful presence in the growing wind energy
industry, with expertise in control design of over 400 wind turbine
models and an installed base of more than 60,000 systems worldwide.
The acquisition expands Emerson’s renewable power generation
automation solutions to the wind power market and enhances its
ability to provide more value to global power customers.
“Digitalization is critical for the renewable industry sector as
power generators increasingly seek improved visibility and
maintainability of their systems,” said Mark Bulanda, executive
president of Emerson’s Automation Solutions business. “Our
world-class power generation capabilities, now amplified by
Mita-Teknik’s renewable expertise and technologies, will help power
customers accelerate their digital transformation journey to
smarter, more sustainable operations.”
“Mita-Teknik advances Emerson’s environmental sustainability
framework – furthering our greening by initiatives – by supporting
our customers’ transitions toward lower carbon using Emerson’s
advanced products, expertise and solutions,” said Mike Train,
senior vice president and chief sustainability officer for
Emerson.
“We are proud to be joining Emerson, a company with global reach
and proven track record of success in delivering sustainable
solutions,” said Jesper Andersen, chairman of the Board of
Mita-Teknik. “We are excited to pair our wind energy market
presence with Emerson’s reputation and reach to expand our ability
to serve customers in the global, emerging retrofit market.”
Mita-Teknik is headquartered in Rødkærsbro, Denmark.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA),
is a global technology and engineering company providing innovative
solutions for customers in industrial, commercial and residential
markets. Our Automation Solutions business helps process, hybrid
and discrete manufacturers maximize production, protect personnel
and the environment while optimizing their energy and operating
costs. Our Commercial & Residential Solutions business helps
ensure human comfort and health, protect food quality and safety,
advance energy efficiency and create sustainable infrastructure.
For more information visit Emerson.com.
About Mita-Teknik
Mita-Teknik has produced control automation for various
industries since 1969 and been a part of the Wind industry since
its beginning in the 1980s. Today, more than 60,000 wind turbines
worldwide are controlled and monitored by Mita-Teknik’s solutions.
Mita-Teknik provides software and technologies for wind turbine
control, pitch control, wind park control, condition monitoring,
communication networks and grid connections – all designed for high
yield cost-optimized wind turbine operation. Learn more at
mita-teknik.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly
historical may be “forward-looking” statements, which involve risks
and uncertainties, and Emerson undertakes no obligation to update
any such statements to reflect later developments. These risks and
uncertainties are set forth in the Company's most recent Annual
Report on Form 10-K and subsequent reports filed with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20211216005596/en/
Investor Contact: Colleen Mettler (314) 553-2197
Media Contact: Casey Murphy (217) 414-5950
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