ST. LOUIS - Emerson announced it has acquired Advanced Engineering Valves (A.E. Valves), a manufacturer of innovative valve technology that helps LNG customers operate more efficiently. The transaction will enable Emerson to provide its customers with a portfolio of valves. Terms of the deal were not disclosed. “Adding A.E. Valves makes Emerson’s value to customers along the entire global LNG value chain even more compelling as a single, accountable partner for all of their valve needs,” said Lal Karsanbhai, executive president of Emerson Automation Solutions. “Our expanded portfolio of leading valve technology will help customers unlock greater capital efficiency and asset productivity as they embark on a wave of investment to meet rising global energy demand.” A.E. Valves is headquartered in Verviers, Belgium, and has a nearly 10-year track record as a valve manufacturer. Its ball valve design creates a step change in safety, environmental and performance outcomes for the LNG industry, as well as oil and gas, chemical, and petrochemical customers. “A.E. Valves is a natural addition for Emerson and shares the same commitment to developing value-creating solutions for our customers’ most challenging process applications,” said Ram Krishnan, group president of Emerson’s Final Control business. “This acquisition represents another important investment that builds on our final control technology portfolio to help customers unlock greater profitability and productivity in their businesses.”
Mon, 12/17/2018 - 12:02