Industrial manufacturing company Pentair plc has sold its Valves & Controls business to Emerson Electric Co. in a $3.15bn deal.
Headquartered in Schaffhausen, Switzerland, Pentair’s Valves & Controls business is a leading provider of valve solutions and services with nearly 7,500 employees around the world. It will be integrated into Emerson’s Automation Solutions platform.
With this takeover, US-based Emerson’s final control portfolio now includes control valves, pressure relief, butterfly gate, globe, ball and check valves, and an extensive global network of more than 200 service centres.
The acquisition will serve to grow the company’s global footprint in automation and expand its presence its key markets such as chemical, power, refining, mining and oil and gas.
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