Emerson Acquires Denmark-Based Mita-Teknik For Undisclosed Sum

Emerson Electric Co EMR has acquired Mita-Teknik in an all-cash transaction. Financial terms were not disclosed.
Denmark-based Mita-Teknik provides software and technologies for wind turbine control, pitch control, wind park control, condition monitoring, communication networks, and grid connections.
More than 60,000 wind turbines worldwide are controlled and monitored by Mita-Teknik's solutions.
The acquisition expands Emerson's capabilities within the wind power generation market.
Emerson Electric held $2.35 billion in cash and equivalents as of September 30, 2021.
Price Action: EMR shares traded higher by 1.76% at $94.35 on the last check Thursday.

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