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Emerson has begun construction of a new 50,000 square meter plant in Arteaga, Coahuila, to assemble scroll compressors for residential and commercial air-conditioning. About 500 workers are expected to be employed.
Emerson is expanding its Ramos Arizpe facility, which makes motors for air-conditioning compressors. The state government says the group's Mexico operations will generate more than 1,200 new jobs at full operation.
Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.
Shige Fluid Control (Shanghai), a subsidiary of Emerson Electric, has put a new magnetic switch production line into operation in Songjiang, Shanghai, localising production of core components; the line had trial production from July 2022.
Emerson said it signed an agreement to divest part of the Pentair Valves & Controls business to address US FTC and Mexican antitrust concerns, and hoped to complete the deal by end of April. The statement is dated April 2017.
Sonatrach awarded Emerson Electric, in partnership with Fores Engineering, a $32 million contract to modernize the Alrar natural gas processing plant in southeast Algeria with new control and safety systems.
Pentair plc completed the sale of its Valves & Controls business to Emerson Electric in a US$3.15 billion deal.
Pentair plc announced completion of the sale of its Valves & Controls business to Emerson Electric for USD 3.15 billion, subject to customary working capital adjustments. Baer & Karrer acted as Swiss legal counsel to Pentair.
The US Federal Trade Commission approved Emerson Electric's acquisition of Pentair's Switzerland-based valves and controls business, valued at $3.15 billion, on condition that Emerson divest the Westlock Controls switchbox business to Crane Company.
Emerson Electric is expanding its Aiken County operations with an $8 million investment that will create 86 new jobs.
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%.
The Competition Commission of India approved Emerson Electric's proposed acquisition of Pentair's valves and controls business, finding no appreciable adverse effect on competition in India.
India's Competition Commission approved Emerson Electric's proposed acquisition of Pentair's valves and controls business for USD 3.15 billion, a deal first signed in August 2016.
