Emerson Boosts Electric Actuator Offerings with Acquisition of EIM Controls Inc.
Monday, October 5, 2009
Emerson
Process Management today announced it has acquired Missouri City, Texas-based
EIM Controls Inc., a manufacturer of high-quality valve actuators.
EIM Controls
will join the company’s Valve Automation division, expanding Emerson’s
electric actuator portfolio while strengthening the company’s applications for
FOUNDATION™ Fieldbus and other major bus protocols.
“This is a
strategic acquisition that adds value and strengthens our position in the
competitive automation market,” said Dan Button, president of Valve Automation.
“EIM Controls brings to Valve Automation a well-known reputation for
reliability and extensive product line that perfectly complements our PlantWeb®
digital plant architecture.”
The addition
of EIM Controls brings Multi-Turn and Quarter-turn actuators incorporating MCP,
M2CP, TEC2000 and the ECP2000 electric and electronic controls into Emerson's
portfolio.
Since 1949,
EIM Controls Inc. has pioneered product innovation and design in the
manufacturing of electric valve actuators. The company generated approximately
$43.3 million in annual sales for the period ending September 30, 2009, has 168
employees throughout the United States, Europe and Asia. Terms of the deal were
not disclosed.
|
|
Email to a Friend