Emerson to Buy GE Intelligent Platforms Business
Gary Parr | October 2, 2018
The Intelligent Platforms (Charlottesville, VA), programmable logic controller (PLC) technologies expand opportunities for Emerson in machine-control and discrete applications across process industries and target hybrid markets such as metals and mining, life sciences, food and beverage, and packaging. By connecting Intelligent Platforms PLC technology with Emerson’s distributed-control systems, customers will be able to connect “islands of automation” within the plant to further enhance operational performance, safety, and reliability.
Emerson and Intelligent Platforms are focused on leveraging automation technologies to drive digital transformation in their end markets. Intelligent Platforms recently developed a new family of cloud-connected controllers and devices to enable smarter plants, a strong complement to Emerson’s focus on digital transformation and the IIoT (Industrial Internet of Things) through its Plantweb digital ecosystem.
“Adding GE’s Intelligent Platforms business makes Emerson an even stronger player in the automation space and expands our capabilities to serve the needs across process, hybrid, and discrete markets,” said Emerson chairman and CEO, David N. Farr. “This is another important investment in our global portfolio of automation technologies, offering discrete and machine-control capabilities that complement our process-control expertise to provide better solutions to our customers.”
Intelligent Platforms has a 25-year track record as an industrial-automation innovator for machine control, industrial computing, input/output (I/O), and networking devices, project and integration services, and other hardware/software solutions.
“This transaction enables Intelligent Platforms to be best positioned to pursue its growth strategy, while accelerating our reinvestment in GE Power to develop the energy technologies of the future and provide the world with reliable, affordable electricity,” said Russell Stokes, GE Power president and CEO.
“Intelligent Platforms brings a solid product portfolio to serve our target markets, along with a significant installed base,” said Lal Karsanbhai, executive president of Emerson Automation Solutions. “We are extremely pleased to have this unique opportunity to add a recognized discrete control capability to our growing portfolio of products and software applications that help our customers operate more safely and efficiently.”
The acquisition is expected to close in the first half of fiscal 2019, subject to regulatory approvals, GE’s consultation with employee representatives where required and other customary closing conditions. Learn more here.