Emerson has agreed on terms to acquire Aventics from Triton for a cash purchase price of €527 million. Aventics is among the global leaders in smart pneumatics technologies that power machine and factory automation applications. Emerson is a leader in fluid automation technologies for process and industrial applications, and Aventics significantly expands the company’s reach in this growing $13 billion market. “With Aventics, we will gain a valuable footprint in Germany, a key market for automation technology and investment,” said Mike Train, executive president of Emerson Automation Solutions. “Aventics also brings opportunities for Emerson to better serve customers in hybrid markets, like food and beverage, providing intelligent devices and solutions from processing through packaging.”
The acquisition is expected to close in the fourth quarter of fiscal 2018, subject to regulatory approvals, Aventics’ finalisation of necessary consultations and other customary closing conditions.