Loading…
US automation group Emerson Electric agreed to acquire the Valves & Controls business of Pentair, headquartered in Schaffhausen, Switzerland, for $3.15 billion. Emerson expects its share of the process automation market to rise from 7% to nearly 10%.
Nidec has completed its $1.2 billion purchase of Emerson Electric's motors, drives and power generation businesses, including Control Techniques and Leroy-Somer.