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

Quick Facts

Editors Pick
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT