logo
Share SHARE
FONT-SIZE Plus   Neg

Emerson Acquires Avtron Loadbank; Terms Undisclosed - Quick Facts

Emerson (EMR) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
In an unusual incident, an Airbus operated by Singapore Airlines temporarily lost power on both its Rolls Royce engines during a flight and plunged almost 13,000 feet or 3.96 kilometers. However, pilots managed to save the Airbus through standard operational procedures and it continued on its routine path. Hormel Foods has agreed to buy organic meat products maker Applegate Farms LLC for about $775 million, as consumers increasingly use natural and organic foods in their diet. Set-top box maker TiVo Inc. (TIVO), Tuesday reported a slight drop in profit for the first quarter despite an increase in revenue, as its bottom line was impacted by a one-time interest expense. Nevertheless, both earnings and revenues for the quarter trumped Wall Street estimates, on subscription growth,...
comments powered by Disqus
RELATED NEWS
Trade EMR now with 
Follow RTT