Emerson Buys Valves & Controls Business for $3.15 Billion

Emerson logo

Emerson (NYSE: EMR) signed an agreement to buy the Valves & Controls business of Pentair (NYSE: PNR) for $3.15 billion.

The Pentair Valves & Controls business is headquartered in Switzerland and has nearly 7,500 employees around the world. The business has a large global installed base in oil and gas, power, chemical, petrochemical and other process industries. Emerson recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for $5.2 billion as part of the company’s overall strategic portfolio repositioning started in June 2015.

The transaction is expected to close in the next four to six months, subject to regulatory approvals. Greenhill & Co. LLC served as financial advisor to Emerson and Davis Polk & Wardwell LLP served as legal advisor.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...