Emerson Acquires Spence and Nicholson Steam Technology Product Lines from Circor International
September 03 2019 - 7:30AM
Business Wire
Acquisition adds profitable products and
strengthens Emerson’s final control portfolio
Emerson (NYSE: EMR), a global engineering and technology
company, today announced it has acquired the Spence and Nicholson
product lines from Circor International (NYSE: CIR). The
acquisition complements Emerson’s broad portfolio of steam system
solutions for process industries and commercial buildings.
The Spence and Nicholson lines are established industry-leading
products that include steam regulators, control valves, safety
relief valves, temperature regulators, steam traps and other steam
accessories and solutions.
“This addition to our Final Control business demonstrates the
continued value of bolt-on acquisitions that fill strategic gaps in
our portfolio and diversify our product offerings in growth
markets,” said Lal Karsanbhai, executive president of Emerson’s
Automation Solutions business. “By adding Circor’s premium steam
technologies and profitable product lines, we will strengthen our
position to help customers optimize their operations and enhance
energy efficiencies.”
“Spence and Nicholson’s capabilities will play an important role
in bolstering our process offerings and expanding our opportunities
with customers,” said Ram Krishnan, group president of Emerson’s
Final Control business. “Enhancing these capabilities will
strengthen our ability to serve customers, including automation
customers, as well as hospitals, universities, commercial
operations and the transportation industry, with a diverse
portfolio of product offerings in the growing steam segment.”
The acquisition closed on August 30, 2019.
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.
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