Emerson (NYSE:EMR), a global engineering and technology company, has announced it has acquired the Spence and Nicholson product lines from Circor International (NYSE:CIR).
Emerson has acquired the Spence and Nicholson product lines from Circor International. The acquisition complements Emerson’s broad portfolio of steam system solutions for the process industry. The purchase closed on August 30, 2019.
This new activity,” demonstrate the continued value of bolt-on acquisitions that fill strategic gaps in our portfolio and diversify our product offerings in growth markets,” said Lal Karsanbhai, executive president of Emerson’s Automation Solutions business. The company will, indeed, strengthen our position to help customers optimize their operations and enhance energy efficiencies.
The Spence and Nicholson will play an important role in bolstering Emerson process, offerings and expanding its opportunities lines. It indeed will provide industry-leading products, that include steam regulators, control valves, safety relief valves, temperature regulators, steam traps and other steam accessories and solutions.
Source: Marketwatch.com
