Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Emerson Electric Buys Johnson Controls' Marine Container And Boiler Business

RELATED NEWS
Trade EMR now with 

Emerson Electric Co. (EMR: Quote) said it has acquired the Marine Container and Boiler business of Johnson Controls, Inc. (JCI: Quote). This enables Emerson Climate Technologies to expand its refrigeration technology and solutions offerings in the global transportation sector. Terms of the acquisition were not revealed.

Emerson noted that the new Emerson offerings will be known as Transportation Solutions within the Retail Solutions business of Emerson Climate Technologies.

"The addition of marine container monitoring and control allows us to provide shipping companies and terminals with enhanced capabilities in asset management, system optimization, and predictive diagnostics throughout the full range of the transportation supply chain," said Mark Dunson, president, Retail Solutions, Emerson Climate Technologies. "The acquisition is a perfect fit with our existing Retail Solutions business, expanding the capabilities we're able to provide our customers."

The Marine Container and Boiler business was part of the Johnson Controls Marine & Navy organization. The remaining businesses within the Marine & Navy organization are not part of this transaction and will continue to operate under Johnson Controls.

Register
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

Editors Pick
U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists. Germany's EU measure of inflation unexpectedly slowed in October after holding steady in the previous two months, preliminary estimates from Destatis showed Thursday. The harmonized index of consumer prices rose 0.7 percent annually following 0.8 percent increase in each of the previous three months.... First-time claims for U.S. unemployment benefits saw a modest increase in the week ended October 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged up to 287,000, an increase of 3,000 from the previous week's revised level of 284,000.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.