Emerson announced a definitive agreement to acquire Afag Holding AG, a Swiss maker of electric linear motion, feeding and handling automation solutions, to strengthen its factory automation business. The deal expands Emerson's served market by more than $9 billion.
Valeta Group, a Halder portfolio company, acquired a majority stake in Swiss pneumatics suppliers Sirag, Univer and Uniprod, to be integrated with Drumag and EPH Elektronik Produktions.
Two Halder portfolio companies acquired 100% of SIRAG AG, UNIVER AG and UNIPROD AG, Swiss suppliers of pneumatic and automation assemblies based in Steinhausen. The companies will be merged into Valeta GmbH, and the sellers are handing over to internal successors.
Emerson completed its purchase of MYNAH Technologies, a dynamic simulation and operator training software provider, to support Emerson Automation Solutions. Terms were not disclosed.
Emerson said it expects final US FTC and Mexican regulatory approval for its acquisition of Pentair's Valves & Controls business, and will divest a non-material business to secure clearance. Closing is expected by the end of April 2017.