Emerson Electric is buying the programmable logic controller technologies unit from GE, the companies announced Tuesday.
The acquisition of GE’s Intelligent Platforms comes one day after GE ousted CEO John Flannery after only 13 months on the job. Board member and former Danaher Corp. CEO H. Lawrence Culp was appointed as the new leader for the struggling, once preeminent company.
Emerson, meanwhile, expressed happiness and optimism over the future possibilities of the Intelligent Platforms acquisition. The buy expands opportunities in machine control and applications across process and hybrid markets such as metals and mining, life sciences and packaging, according to the company’s release.
“Adding GE’s Intelligent Platforms business makes Emerson an even stronger player in the automation space and expands our capabilities to serve the needs across process, hybrid and discrete markets,” Emerson Chairman and CEO David N. Farr said in a statement. “This is another important investment in our global portfolio of automation technologies, offering discrete and machine control capabilities that complement our process control expertise to provide better solutions to our customers.”
Emerson is an exhibitor at the upcoming POWER-GEN International conference in Orlando. Robert Yeager, president of its Power and Water Solutions division, will be one of POWER-GEN’s keynote speakers on Wednesday, Dec. 5
POWER-GEN is December 4-6 at the Orange County Convention Center, West Halls, in Orlando. Machine learning also is part of the conference education being offered at the show.
GE is in the midst of trying to divest about $20 billion worth of assets, according to reports. The company may get rid of Baker Hughes which it acquired just a few years ago.