Machinery : Process Technology : General
Emerson’s two core business platforms — Automation Solutions and Commercial & Residential Solutions — allow us to identify and confront the challenges of an increasingly complex and unpredictable marketplace from a position of strength, driving near- and long-term value as a trusted partner for our customers.
Blackstone, Emerson Electric Strike $14 Billion Buyout Deal
Emerson Electric Co. is selling a majority stake in its climate-technologies business to Blackstone Inc. in a transformational deal for the industrial company that would value the unit at $14 billion including debt and mark the biggest private-equity buyout in months at a time when such activity has been choked off by market volatility.
The deal, announced Monday, would give Blackstone a 55% stake in the unit, which sells compressors and other HVAC products and services used in commercial and residential heating and cooling as well as cold storage. Emerson would retain a 45% stake.
Digital transformation tools improve plant sustainability and maintenance
Maintenance is inherent to all industrial facilities. In pneumatic systems, valves wear out over time, causing leakage that leads to excessive compressed air consumption. Some systems can have many valves, which can make identifying a faulty one challenging. Leak troubleshooting can be time-consuming and, with the ongoing labor shortage and skills gap, maintenance personnel may already be stretched thin. There may not be enough staff to keep up with what must be done, and historical knowledge may not exist. When production must stop for repairs, it can be very expensive. For mid-sized food and beverage facilities, unplanned downtime costs around $30,000 per hour.