logo
Share SHARE
FONT-SIZE Plus   Neg

Emerson Electric Buys Johnson Controls' Marine Container And Boiler Business

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
RELATED NEWS
Trade EMR now with 
Follow RTT