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Emerson recently announced that it has agreed to acquire Intelligent Platforms, a division of General Electric (GE). The acquisition is expected to expand opportunities for Emerson in machine control and discrete applications across process industries and target hybrid markets, such as metals and mining, life sciences, food and beverage, and packaging.
Based in Charlottesville, Virginia, Intelligent Platforms has approximately 650 employees worldwide and 2017 sales of $210 million. The business has a 25-year track record as an industrial automation innovator for machine control, industrial computing, input/output and networking devices, project and integration services, and other hardware/software solutions.
“Adding GE’s Intelligent Platforms business makes Emerson an even stronger player in the automation space and expands our capabilities to serve the needs across process, hybrid and discrete markets,” said David N. Farr, Emerson chairman and chief executive officer. “This is another important investment in our global portfolio of automation technologies, offering discrete and machine control capabilities that complement our process control expertise to provide better solutions to our customers.”
Both Emerson and Intelligent Platforms will continue to focus on leveraging automation technologies to drive digital transformation in their end markets. Intelligent Platforms recently developed a new family of cloud-connected controllers and devices to enable smarter plants, a strong complement to Emerson’s focus on digital transformation and the industrial internet of things through its Plantweb digital ecosystem.
“This transaction enables Intelligent Platforms to be best positioned to pursue its growth strategy while accelerating our reinvestment in GE Power to develop the energy technologies of the future and provide the world with reliable, affordable electricity,” said Russell Stokes, president and chief executive officer of GE Power.
The acquisition is expected to close in the first half of fiscal 2019, subject to regulatory approvals and other customary closing conditions.
For more information, visit www.Emerson.com.