Emerson has announced a definitive agreement to acquire Afag, an innovative leader in electric linear motion. The company feeds and handles automation solutions. Headquartered in Switzerland, Afag brings state-of-the-art technology and innovation to Emerson. The transaction will enhance Emerson’s capabilities in factory automation, one of the company’s four priorities, and create a leading motion portfolio combining Afag’s electric linear motion solutions with Emerson’s pneumatic motion technology. Afag serves customers in attractive, growing end segments including battery manufacturing, automotive, packaging, medical, life sciences, and electronics. The electric linear motion segment expands Emerson’s served market by more than $9 billion and is expected to grow by mid-single digits annually, supporting Emerson’s long-term, profitable organic growth.
“Afag brings exciting technology that will enable Emerson to accelerate growth in our existing $900 million factory automation business,” said Ram Krishnan, chief operating officer of Emerson. “Afag’s technology is ideally suited to provide improved energy efficiency and performance gains. We look forward to combining Afag’s motion capabilities with our existing pneumatic leadership, creating a unique and differentiated solution for our customers. Afag and its employees will play an important role in enhancing Emerson’s strength and innovation in factory automation.”
“We are excited to join Emerson and build on its existing factory automation leadership, while further expanding our global reach,” said Adrian Fuchser, chief executive officer of Afag. “Our customers rely on Afag for essential, customised systems, and we are energised by this opportunity to create a more comprehensive and holistic solution for their motion needs.”
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...Groundbreaking renewable energy skills platform
News
South Africa’s renewable energy sector has taken a significant leap forward with the launch of PowerUp. A South African first, this online platform is designed to equip the country’s workforce with the skills required to meet industry demands.
Read more...Innomotics wins Platinum TITAN Brand Award for Best Corporate Rebranding
News
Innomotics has been awarded with the Platinum TITAN Brand Award for Best Corporate Rebranding. The international jury honoured Innomotics’ efforts to develop a powerful and recognisable brand after the carve-out of Innomotics from the Siemens Group in 2023.
Read more...Unlocking Africa’s hydrogen potential
News
Africa is positioning itself as a frontrunner in the global green energy revolution, with hydrogen emerging as a critical commodity of strategic and national importance across the continent. Namibia is putting ambition into action by having already reached a number of key milestones towards final investment decision on up to five projects.
Read more...Fuchs doubles sales volume
News
An aggressive growth strategy in South Africa and sub-Saharan Africa over the last decade has resulted in Fuchs Lubricants South Africa achieving a CAGR of 6% in volume sold since 2015. The result of this is that sales volume has nearly doubled in this time.
Read more...High-quality sensing and automation equipment
News
The Turck Banner Demo Van is showcasing the company’s latest products and solutions.Turck Banner sells directly to end users and OEMs in a broad range of industries and applications.
Read more...From ground to compound: the journey of crude oil Wearcheck
News
You’re in for a ‘crude awakening’ when you download WearCheck’s latest Technical Bulletin. You will be treated to an in-depth explanation of the processes of producing oil, fuel and other petrochemical wonders that power our modern lifestyle.
printer friendly version