Emerson Electric To Acquire Afag Holding: 'Ideally Suited To Provide Improved Energy Efficiency'
Portfolio Pulse from Lekha Gupta
Emerson Electric Co (NYSE:EMR) has agreed to acquire Afag Holding AG, a company specializing in electric linear motion, feeding, and handling automation solutions. The acquisition will enhance Emerson's factory automation capabilities and expand its market by over $9 billion. The deal is expected to close by the end of Emerson's fiscal 2023.
August 17, 2023 | 2:06 pm
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The acquisition of Afag Holding by Emerson Electric is expected to enhance its factory automation capabilities and expand its market by over $9 billion. This could potentially increase Emerson's revenues and profitability in the future.
The acquisition of Afag Holding, a company specializing in electric linear motion, feeding, and handling automation solutions, will enhance Emerson's factory automation capabilities. This could potentially lead to an increase in Emerson's market share and revenues, thereby positively impacting its stock price.
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