Emerson Electric To Acquire Flexim, Expanding Its Automation And Measurement Portfolio
Portfolio Pulse from Shivani Kumaresan
Emerson Electric Co (NYSE:EMR) has announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (Flexim), a manufacturer of clamp-on ultrasonic flow measurement for liquids, gases, and steam. The acquisition will expand Emerson's automation portfolio and measurement capabilities. The transaction is expected to close by the end of Emerson's fiscal 2023. Financial terms were not disclosed.
August 16, 2023 | 1:12 pm
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Emerson's acquisition of Flexim will expand its automation portfolio and measurement capabilities. This could potentially increase Emerson's market share and revenues in the future.
The acquisition of Flexim will allow Emerson to expand its product portfolio and capabilities in the automation and measurement sector. This could potentially lead to increased market share and revenues for Emerson. The news is highly relevant to Emerson and could be important for investors as it could impact the company's future performance.
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