Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Emerson Electric Buys Johnson Controls' Marine Container And Boiler Business

RELATED NEWS
Trade EMR now with 
4/2/2012 7:10 AM ET

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

Editors Pick
Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin. Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to While selling pressure has remained relatively subdued, stocks continue to see modest weakness in mid-day trading on Wednesday. The losses on the day come on the heels of the upward trend seen over the past several sessions. The major averages have moved roughly sideways in recent trading, lingering in the red.
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.