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Rockwell Automation and Schlumberger agreed to create Sensia, a joint venture offering integrated automation and measurement solutions to the oil and gas industry. The transaction is expected to close and begin serving customers in summer 2019, subject to regulatory approvals.
Emerson chairman and CEO David N. Farr has proposed in a letter to acquire all outstanding shares of Rockwell Automation at a total enterprise value of about $29 billion, with the combined company to be renamed Emerson Rockwell.
