Emerson has agreed on terms to acquire Aventics from Triton for a cash purchase price of $620 million. Aventics deals in smart pneumatics technologies that power machine and factory automation applications. Aventics significantly expands Emerson’s reach in a growing $13 billion market.
With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.
The acquisition is expected to close in the fourth quarter of fiscal 2018 subject to regulatory approvals, Aventics’ necessary consultations and other customary closing conditions.