- 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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