Emerson (EMR: Quote) announced it has acquired Avtron Loadbank, a designer and manufacturer of load banks and other testing systems and services for the standby power generation, uninterruptible power supply (UPS) and other power equipment industries.
Avtron Loadbank will become part of Emerson Network Power's ASCO business. Terms of the acquisition were not disclosed.
The company said that Avtron Loadbank was one of three companies owned by Avtron Holdings, LLC. Avtron Industrial Automation, Inc. and Avtron Aerospace, Inc. were not part of this transaction and will continue to operate under Avtron Holdings, owned by Morganthaler Private Equity.
Click here to receive FREE breaking news email alerts for Emerson Electric Co. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org