Emerson adds valves & controls business to portfolio

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Emerson has signed an agreement to purchase the valves & controls business of Pentair for $3.15 billion. The complementary acquisition establishes Emerson’s global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.
  Headquartered in Schaffhausen, Switzerland, the Pentair Valves & Controls business has nearly 7,500 employees around the world. The business has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries. With product brands like Anderson-Greenwood, Crosby, Vanessa, Keystone and Biffi, Pentair Valves & Controls has been a global leader in providing valve solutions for customers.
  The acquisition is expected to close in the next four to six months, subject to various regulatory approvals.