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Emerson Buys Aventics to Boost Automation Technology Platform
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Emerson Electric Co. (EMR - Free Report) has successfully acquired Aventics from Triton International Ltd. , against €527 million in cash. The buyout is expected to strengthen the company’s global presence in the booming fluid automation solutions market worth $13 billion.
Aventics is a renowned smart pneumatics technologies provider in the global industrial market. These technologies are used to power factory and machine-automation applications. The prime offices of the company are located in Germany and Laatzen. Aventics generated $425-million revenues in 2017 and currently has around 2,100 employees across the globe.
Emerson’s existing portfolio of pneumatic and fluid-control devices includes state-of-the-art monitoring and sensing capabilities that augment system performance and uptime, improve safety standards and ensure energy usage optimization. The aforementioned buyout will further boost the quality of Emerson’s solutions and capabilities in the hybrid and discrete automation markets. These markets revolve in domains like automotive assembly, food and beverage, and medical equipment.
Emerson tries to acquire potential businesses for becoming more competent with time. Prior to the aforementioned buyout, this month the company successfully completed the buyout of Tools & Test in a bid to strengthen its RIDGID portfolio of technologies.
Emerson currently carries a Zacks Rank #3 (Hold). Over the past year, shares of the company have rallied 14.7%, as against the 1.4% loss recorded by the industry.
The company is poised to benefit from global infrastructure growth, aggressive restructuring actions and strategic acquisitions. However, dismal air-conditioning demand and challenging energy market conditions remain causes of concern.
Stocks to Consider
A few better-ranked stocks from the same space are listed below:
Capstone Turbine Corp. also holds a Zacks Rank #2. The company generated an average positive earnings surprise of 37.50% over the preceding four quarters.
Looking for Stocks with Skyrocketing Upside?
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Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Emerson Buys Aventics to Boost Automation Technology Platform
Emerson Electric Co. (EMR - Free Report) has successfully acquired Aventics from Triton International Ltd. , against €527 million in cash. The buyout is expected to strengthen the company’s global presence in the booming fluid automation solutions market worth $13 billion.
Aventics is a renowned smart pneumatics technologies provider in the global industrial market. These technologies are used to power factory and machine-automation applications. The prime offices of the company are located in Germany and Laatzen. Aventics generated $425-million revenues in 2017 and currently has around 2,100 employees across the globe.
Emerson’s existing portfolio of pneumatic and fluid-control devices includes state-of-the-art monitoring and sensing capabilities that augment system performance and uptime, improve safety standards and ensure energy usage optimization. The aforementioned buyout will further boost the quality of Emerson’s solutions and capabilities in the hybrid and discrete automation markets. These markets revolve in domains like automotive assembly, food and beverage, and medical equipment.
Emerson tries to acquire potential businesses for becoming more competent with time. Prior to the aforementioned buyout, this month the company successfully completed the buyout of Tools & Test in a bid to strengthen its RIDGID portfolio of technologies.
Emerson currently carries a Zacks Rank #3 (Hold). Over the past year, shares of the company have rallied 14.7%, as against the 1.4% loss recorded by the industry.
The company is poised to benefit from global infrastructure growth, aggressive restructuring actions and strategic acquisitions. However, dismal air-conditioning demand and challenging energy market conditions remain causes of concern.
Stocks to Consider
A few better-ranked stocks from the same space are listed below:
CUI Global, Inc. holds a Zacks Rank of 2 (Buy). The company pulled off an average positive earnings surprise of 15.74% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Capstone Turbine Corp. also holds a Zacks Rank #2. The company generated an average positive earnings surprise of 37.50% over the preceding four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>