Emerson Acquires TopWorx
Acquisition extends Emerson's PlantWeb® digital plant architecture and complements Emerson's valve and instrument businesses
AUSTIN, TEXAS (July 8, 2008) - Emerson (NYSE:EMR) today announced it has acquired TopWorx (www.topworx.com). Terms of the deal were not disclosed.
TopWorx becomes part of Emerson Process Management, expanding Emerson's valve instrument offering and extending the reach of Emerson's PlantWeb® digital plant architecture to on/off valves and other instruments.
Headquartered in Louisville, Kentucky, TopWorx manufactures industrial sensors and controls which monitor and control automated valves and other field devices. TopWorx Valvetop® discrete valve controllers connect on/off valves to a variety of fieldbus networking protocols, and GO® Switch leverless limit switches provide reliable position sensing in harsh environments and tough applications. The company has additional locations in the United Kingdom, Singapore, and South Africa.
"TopWorx is a strong and growing business that is highly valued by its customers," said John Berra, president, Emerson Process Management. "The acquisition gives us a quick and significant entry into the discrete instrumentation market, and is highly complementary to our existing valve, valve automation, and instrument businesses. TopWorx will extend the benefits of our PlantWeb® digital plant architecture, and enable us to provide a complete valve instrument portfolio, both wired and wireless."
"It is exciting to join what I consider the best and most progressive company in our industry," said Charlie Marcum, president of TopWorx. "Emerson Process Management's global reach and technology leadership will accelerate our growth and broaden our product offering, enabling us to serve customers even better than before."
About TopWorx
TopWorx valve control and position sensing solutions enable plants, platforms, and pipelines to manage and control operations more intelligently and efficiently under the most demanding and extreme conditions. Valvetop® discrete valve controllers attach to rotary and linear valves and actuators, support multiple bus protocols, and carry a variety of global certifications. GO® Switch leverless limit switches provide the ultimate reliability and durability in extremely hot, wet, cold, dirty, abusive, corrosive, and explosive environments.
About Emerson Process Management
Emerson Process Management (www.emersonprocess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, food and beverage, pharmaceutical and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb®, DeltaV(TM), Fisher®, Rosemount®, Micro Motion®, Bettis®, Hytork®, El-O-Matic®, Shafer®, Dantorque®, and AMS® Suite.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. For more information, visit www.Emerson.com.
Contacts:
John Wells, Emerson Process Management, Fisher
1 (641) 754-3288, John.Wells@Emerson.com
Jerry Moon, Emerson Process Management
1 (512) 832-3089, Jerry.Moon@Emerson.com
