logo
Share SHARE
FONT-SIZE Plus   Neg

Emerson Electric Buys Johnson Controls' Danish Marine Controls Unit

Diversified global technology company Emerson Electric Co. (EMR) on Monday said it has acquired the Denmark-based Marine Container and Boiler business of Johnson Controls, Inc. (JCI). Terms of the acquisition were not disclosed.

The deal will help Emerson's Climate Technologies unit, which provides heating, air conditioning, and refrigeration solutions, to expand its refrigeration technology and solutions offerings in the transportation sector.

Johnson Controls' selling unit supplies controls for optimal operation of refrigerated sea containers and marine boilers. It also gives solutions that monitor and report on refrigeration conditions of marine shipping containers on land or at sea to ensure product quality and food safety.

Emerson noted that the hardware and software solutions monitor container conditions and notify shipping companies and terminals of deviations outside of optimal ranges helping them to take appropriate actions. These solutions are installed on more than 650,000 containers and 2,200 ships, which connect to a central monitoring server.

The Marine Container and Boiler business was part of the Johnson Controls Marine & Navy organization. Following the acquisition, the new Emerson offerings will be known as Transportation Solutions within the Retail Solutions business of Emerson Climate Technologies.

The company noted that the remaining businesses within Marine & Navy organization are not part of the deal and will continue to operate under Johnson Controls.

Ed Purvis, global business leader for Emerson Climate Technologies, said, "Marine container monitoring and control, combined with our compressors and diagnostic technologies that also are installed on shipping containers, opens the door for us to provide a full range of powerful solutions to help global shipping companies and transportation managers ensure their cargo is transported in optimal conditions."

Emerson added that the addition of marine container monitoring and control allows it to provide enhanced capabilities in asset management, system optimization, and predictive diagnostics throughout the full range of the transportation supply chain.

Emerson shares closed Friday's regular trading session at $52.18, up $0.31 or 0.60 percent.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau. To book-lover's surprise, online retailer Amazon opened another bricks and mortar store in an upmarket shopping mall in New York. This is the seventh book store of Amazon.
comments powered by Disqus
Follow RTT