Emerson to acquire General Electric’s Intelligent Platforms business
October 3, 2018 by Manufacturing AUTOMATION
October 3, 2018 – Emerson, the automation supplier for process and industrial applications, has announced it will acquire Intelligent Platforms, a division of General Electric that offers machine control, industrial computing, input/output (I/O) and networking devices, project and integration services and other hardware/software solutions.
Terms of the deal were not disclosed.
The acquisition expands opportunities for Emerson in machine control and discrete applications across process industries and target hybrid markets, such as metals & mining, life sciences, food and beverage, and packaging. By interfacing Intelligent Platforms’ PLC technology with Emerson’s distributed control systems, Emerson says its customers will be able to connect “islands of automation” within the plant to further enhance operational performance, safety and reliability.
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.
“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,” says 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.”
Intelligent Platforms is based in Charlottesville, Va. with approximately 650 employees worldwide and 2017 sales of $210 million.
“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,” says 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, GE’s consultation with employee representatives where required and other customary closing conditions.