Emerson has agreed to acquire Intelligent Platforms, a division of General Electric. Intelligent Platforms’ programmable logic controller technologies will enable Emerson, a leader in automation for process and industrial applications, to provide its customers broader control and management of their operations. Terms of the deal were not disclosed.
The acquisition expands opportunities for Emerson in machine control and discrete applications across process industries and target hybrid markets, such as metals & mining, life sciences, food & beverage and packaging.
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 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 is based in Charlottesville, Va. with approximately 650 employees worldwide and 2017 sales of $210 million. The business has a 25-year track record in industrial automation for machine control, industrial computing, input/output (I/O) and networking devices, project and integration services and other hardware/software solutions.
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.