Last updateThu, 20 Sep 2018 3pm


Emerson Completes Aventics Acquisition

Emerson has completed the purchase of Aventics, a manufacturer of smart pneumatics technologies that power machine and factory automation applications. The acquisition expands the company’s reach in the growing $13 billion fluid automation market and aids Emerson’s automation technology presence in Europe.

With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with 5 manufacturing locations. 

Weir Group Completes Acquisition of ESCO

The Weir Group PLC has completed the acquisition of ESCO Corporation effective July 12. This follows the announcement on April 19, 2018 of an agreement to acquire ESCO for an estimated enterprise value of just under $1.3 billion.

ESCO will operate as a new division of the Weir Group and will be reported as a separate segment alongside Minerals and Oil & Gas. Following the previous announcement that the Group will initiate a process to sell the Flow Control Division, the results of that division will now be reported as discontinued operations. 

ATI Expands Houston Manufacturing Facility

Automation Technology, LLC (ATI) recently completed an approximately $1.3 million capital investment, expanding valve actuation/controls production and assembly capabilities at its Houston area manufacturing facility. The expanded capacity plan allows ATI to continue to meet the increased product demand recently experienced in the oil, gas and pipeline market segments.

The internal expansion increased the overall production throughput and established dedicated assembly cells for ATI’s direct gas motor and electro-hydraulic power unit (HPU) product lines. New equipment included computer numerically controlled (CNC) vertical and horizontal mills as well as additional welding stations, lathes and spring press station. Support equipment including additional cranes, a new walk-in sandblaster, and a new paint booth were also part of the enhancements. Coinciding with the capital investment, ATI has expanded its workforce by approximately 20% within the past six months. 

ValvTechnologies to Host ITC Asia 2018

ValvTechnologies’ International Technical Conference and Users Group (ITC Asia) will take place October 29-30, 2018 in Bangkok, Thailand. The first time the conference has been hosted in Asia, ITC brings together valve industry professionals and application experts in an intimate setting to collaborate, share solutions and discover new technologies from other users, engineers and industry professionals.

Open to all ValvTechnologies’ customers, distributors and representatives from around the world, ITC Asia will focus specifically on the unique market opportunities, challenges and needs of power and oil and gas customers in the Asia Pacific region. 

Emerson Named "IIoT Corporate Leader of the Year"

Emerson has been named “IIoT Corporate Leader of the Year” by McRock Capital. The McRock IIoT (Industrial Internet of Things) awards recognize leaders and visionaries around the globe who drive IIoT innovation. Nominations are screened by an independent selection committee and evaluated on senior leadership support for IIoT, demonstrated success implementing IIoT solutions, and continuous work with IIoT technology companies. The award was presented at McRock Capital’s IIoT Symposium on June 20, 2018. 

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