St. Louis (August 16, 2023) - Emerson (NYSE: EMR) today announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (" Flexim"), a global leader in clamp-on ultrasonic flow measurement for liquids, gases and vapors.Acquisition Enhances Emerson's Smart Device Portfolio with Innovative Ultrasonic Technology, expanding its leadership position in automation.
Flexim
Headquartered in Berlin, Germany, Flexim brings highly differentiated, complementary technologies and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters and approximately 450 employees Flexim provides high-accuracy, low-maintenance, clamp-on ultrasonic flow measurement technology for a wide range of attractive end markets, including chemical, water and wastewater, life sciences, food and beverage, and power generation. water and wastewater, life sciences, food and beverage, and power generation. The transaction will expand Emerson's automation portfolio and measurement capabilities, complementing its existing flow measurement position in Coriolis, differential pressure, electromagnetic flowmeters and vortex flow measurement. The global ultrasonic clamp-on flowmeter market is expected to grow at a high single-digit CAGR over the long term, supported by favorable end-market growth and technology leadership. Upon completion of the transaction, Flexim's Berlin headquarters is slated to become Emerson's center of excellence for ultrasonic flow measurement.
Emerson (name)
Emerson (NYSE: EMR) is a global technology and software company that delivers innovative solutions to key industries around the world. Through its leading automation portfolio, including its majority interest in AspenTech, Emerson helps mixed, process and discrete manufacturers optimize operations, protect people, reduce emissions and meet their sustainability goals.
Learn more:www.emerson.com
The transaction is expected to close at the end of Emerson's fiscal year 2023, subject to customary closing conditions, and Flexim is expected to be accretive to Emerson's sales growth, gross margin and adjusted EBITA margin. Terms of the transaction were not disclosed, and Flexim will be reported in Emerson's Measurement & Analytics segment.
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