Emerson
Takeover of Afag
Emerson has acquired Afag Holding, thereby expanding the company's range of products for factory automation.
Afag is a provider of electric linear motion, feeding and handling automation solutions based in Zell, Switzerland. The electric linear motion segment adds more than $9 billion to the market served by Emerson and is expected to grow in the mid-single digits annually. The acquisition expands Emerson's capabilities in factory automation and reportedly creates a motion portfolio that combines Afag's electric linear motion solutions with Emerson's pneumatic motion technology. Afag serves customers in markets such as battery manufacturing, automotive, packaging, medical, life sciences and electronics.
"Afag brings exciting technology that will enable Emerson to accelerate the growth of our existing $900 million factory automation business," said Ram Krishnan, chief operating officer of Emerson.
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