12162017Sat
Last updateFri, 15 Dec 2017 3pm

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Emerson Completes Paradigm Acquisition

Emerson has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. Paradigm will be combined with Emerson’s Roxar software business to create a more comprehensive Exploration & Production (E&P) software portfolio offering.

Paradigm is headquartered in Houston and has more than 500 employees globally. The company provides tools that enable customers to gain insight into the subsurface, reduce uncertainty and support responsible asset management. 


MCAA Members Elect New Board of Directors for 2018

Measurement, Control & Automation Association (MCAA) president Teresa Sebring has certified the election of officers and directors of the MCAA for 2018. Bharat Naik, president of Reotemp Instruments, was elected chairman. SOR Controls Group Ltd president & CEO James M. (Mike) Waters will serve as vice chairman.

Bill Edinger, general manager for Process Instrumentation (PI) at Siemens Industry Inc., Process Industries & Drives Division was elected to the board as a director-at-large with a term through 2020. Also elected as a director-at-large was Ron Hegyesi, president of VEGA Americas. 

Emerson Withdraws Proposal to Acquire Rockwell Automation

Emerson has withdrawn its proposal to acquire Rockwell Automation for $225 per share due to the Rockwell Board of Directors’ continued unwillingness to engage in discussions about a potential combination.

“The Rockwell Board again rejected our offer, which would have delivered approximately $30 billion of value to Rockwell shareholders,” said Emerson chairman and CEO David N. Farr.

“Accordingly, we plan to accelerate repurchases over the next month and buy back up to $1 billion over the next 12 months.” 

Conval Receives Export Recognition Award

Conval Receives Export Recognition AwardOn the evening of November 7, Conval's 50th anniversary, Conval received an Export Recognition Award from the Connecticut District Export Council and the office of Rep. Joseph Courtney (D-CT). On hand (left to right) were Taijah Anderson, representing Rep. Courtney; Don Curtin, president of Conval; John Schuyler, chairman of the Connecticut District Export Council; and Anne Evans, director of the Connecticut District Export Council.

District Export Councils are organizations of business leaders from local communities, whose knowledge of and expertise in international business provides a source of professional advice for their region’s local firms.  

Victaulic Expanding Presence in Lehigh Valley

Victaulic is planning new investments in 2018 and 2019 in the Lehigh Valley. Victaulic CEO John Malloy made the announcement at the Lehigh Valley Economic Development Corporation’s 2017 Fall Signature Event.

Cast-Pac Inc., a manufacturing company Victaulic has partnered with for 20 years, will move their operations to an unbuilt facility in Lower Nazareth Township, PA in 2019. Victaulic is purchasing 28 acres to build a 400,000 sq. ft. facility where Cast-Pac will operate. The company will also be making a capital investment in its existing Lower Macungie Township, PA facility. 

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