Emerson Completes Acquisition of Zedi’s Software and Automation Businesses
July 08 2019 - 10:00AM
Business Wire
Acquisition to help company accelerate digital
transformation in oil and gas industry
Emerson (NYSE: EMR) today announced it has completed the
purchase of Zedi’s software and automation businesses. The addition
of Zedi’s cloud supervisory control and data acquisition (SCADA)
platform will further enable Emerson, a global leader in
automation, to help oil and gas producers increase production and
lower operating costs through cloud-based monitoring, control and
optimization.
“As world energy demand continues to grow, helping our vital oil
and gas market customers maximize their resources is a top
priority,” said Lal Karsanbhai, executive president of Emerson’s
Automation Solutions business. “Through our vast portfolio of
automation technologies, we are helping the industry navigate
ever-changing market dynamics and operational challenges. The
addition of Zedi strengthens our ability to help customers leverage
the latest advances from the field to the refinery.”
Zedi’s technology is currently enabling customers to monitor
more than 2 million sensors and thousands of devices and
applications. By combining Zedi’s scalable cloud platform and
applications expertise with Emerson’s extensive applications,
controller, instrumentation and flow metering portfolio, this
acquisition expands opportunities for Emerson across the global oil
and gas production market.
“Oil and gas producers today are challenged to meet production
targets while controlling costs, and they are looking for
opportunities to transform operations and make their teams more
effective through digital solutions like analytics and mobility,”
said Jim Nyquist, group president of Emerson’s systems and
solutions business. “This important investment bolsters our
portfolio and ability to help Emerson’s customers achieve Top
Quartile performance through emerging Industrial Internet of Things
technologies.”
Emerson and Zedi’s software and automation businesses share a
common vision of automating the production process through edge and
cloud analytics and machine learning. The combined software and
expertise of the two companies will provide producers with scalable
and easily deployable end-to-end connected solutions to optimize
and manage their operations.
Zedi’s software and automation businesses are based in Calgary,
Canada, with approximately 155 employees in North America.
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.
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 include economic and currency conditions, market
demand, pricing, protection of intellectual property,
cybersecurity, tariffs, competitive and technological factors,
among others, as set forth in the Company’s most recent Annual
Report on Form 10-K and subsequent reports filed with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190708005407/en/
Media Contact: Casey Murphy (314) 982-6220
Emerson Electric (NYSE:EMR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Emerson Electric (NYSE:EMR)
Historical Stock Chart
From Sep 2023 to Sep 2024