Emerson Electric To Acquire Flexim, Expanding Its Automation And Measurement Portfolio

Emerson Electric Co EMR has entered into a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (Flexim), a maker of clamp-on ultrasonic flow measurement for liquids, gases and steam.

Flexim has an installed base of more than 100,000 flowmeters, as well as approximately 450 employees.

The company provides accurate, low-maintenance clamp-on ultrasonic flow measurement technology for a broad range of attractive end markets, including chemical, water & wastewater, life sciences, food & beverage, and power generation. 

The transaction will expand Emerson's automation portfolio and measurement capabilities, complementing its existing flow measurement positions in Coriolis, differential pressure, magmeter and vortex flow measurement.

Upon the close of the transaction, Flexim's Berlin headquarters is planned to become Emerson's Ultrasonic Flow Measurement Center of Excellence.

The transaction is expected to close by the end of Emerson's fiscal 2023. The financial terms were not disclosed.

Emerson held $9.9 billion in cash and equivalents as of June 30.

Price Action: EMR shares are trading higher by 0.45% at $95.90 in premarket on the last check Wednesday.

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