Manufacturer acquires PLC business platform for process, discrete industry expansion
Emerson (NYSE: EMR) announced it has agreed to acquire Intelligent Platforms, a division of General Electric (NYSE: GE). Intelligent Platforms’ programmable logic controller (PLC) technologies will enable Emerson to provide its customers broader control and management for process and industrial applications. The acquisition expands opportunities 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.
Both Emerson and Intelligent Platforms are focused on leveraging automation technologies to drive digital transformation in their end markets. Intelligent Platforms developed a new family of cloud-connected controllers and devices to enable smarter plants. This will complement Emerson’s focus on digital transformation and the Industrial Internet of Things (IIoT) through its digital ecosystem.
Intelligent Platforms is based in Charlottesville, Va. with 650 employees worldwide and 2017 sales of $210 million. The business has spent 25 years record as a developer 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.
– Edited from an Emerson press release by CFE Media. See more Control Engineering PLC stories.