Emerson Acquires Avtron Loadbank; Terms Undisclosed - Quick Facts

Emerson Trims 2013 Outlook As Q2 Results Miss Estimates

Amended: Emerson Q2 Profit Climbs; Revises FY Targets - Quick Facts

Trade EMR now with

3/16/2012 11:07 AM ET

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: editorial@rttnews.com

Business News

Quick Facts

<<Previous 64 Articles Next>>

Editors Pick

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Negative Reaction To Fed Leads To Sell-Off On Wall Street - U.S. Commentary

After moving mostly higher over the course of the two previous sessions, stocks pulled back sharply during trading on Wednesday. A negative reaction to the Federal Reserve's monetary policy announcement weighed on the markets in afternoon trading. The major averages saw some volatility following the announcement from the Fed, closing firmly in the red.

CBO Finds Senate Immigration Bill Would Reduce Budget Deficit

Providing a potential boost to comprehensive immigration reform, the non-partisan Congressional Budget Office has estimated that the immigration bill currently being debated in the Senate would result in a notable reduction to the federal budget deficit.