Emerson To Acquire Intelligent Platforms, General Electric Unit - Quick Facts

(RTTNews) - Emerson (EMR) announced it has agreed to acquire Intelligent Platforms, a division of General Electric (GE). Intelligent Platforms is based in Charlottesville, Va. with approximately 650 employees worldwide and 2017 sales of $210 million.

Emerson CEO David Farr said: "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. 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."