Emerson has completed its acquisition of Pentair Valves & Controls in a deal worth $3.15bn.
The purchase of the Swiss-headquartered valve and actuator business was concluded this week, Emerson said, adding that the business will be integrated into its automation solutions platform.
According to David Farr, Emerson’s chair and CEO, the acquisition will help the firm grow its global footprint in the automation market segment as well as boost its position in key markets such as power, mining, oil and gas, refining and chemicals.
Mike Train, automation solutions executive president, said: “Pentair’s Valves & Controls business fits extremely well with Emerson’s existing portfolio of Fisher control valves and regulators and Bettis actuators. The addition of market leading product brands such as Anderson Greenwood, Vanessa and Keystone creates the most comprehensive global valve business.
“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.”