For immediate release
Emerson announces agreement to acquire UK-based Permasense Limited
Acquisition continues Emerson's focus on investing in businesses with market growth potential;
adds non-intrusive wireless corrosion monitoring to Pervasive Sensing(TM) strategies portfolio
ST. LOUIS, October 3, 2016 - Emerson (NYSE: EMR) today announced it has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology, wireless data delivery and advanced analytics to continuously monitor for metal loss from corrosion or erosion in pipes, pipelines or vessels, and reliably deliver high-integrity data from even the harshest environments.
The acquisition represents another step forward in Emerson's strategy to invest in its core business platforms and expand in markets that hold significant long-term growth opportunity.
"Corrosion and erosion can significantly impact the safe and reliable operation of our industrial customers' infrastructure, which can have dire consequences. Wireless non-intrusive corrosion monitoring is a transformational shift that helps customers immediately understand the health and integrity of their infrastructure in real-time and enable them to fully optimize their operations while maximizing safety," said Mike Train, president, Emerson Automation Solutions. "For example, with the increasing complexity of the types of crude oil coming into a refinery, corrosion is becoming a significant issue in the uptime and profitability of a refinery. Now refinery infrastructure can be monitored and controlled using this non-intrusive technology."
The Permasense product line will become part of Emerson's Rosemount(TM) portfolio of measurement and analytical technologies. Permasense technologies complement Emerson's Roxar(TM) intrusive corrosion monitoring and non-intrusive sand management systems and strengthen the company's Pervasive Sensing applications that provide customers a more complete view of their operations and facilities. With Permasense and Roxar technologies in its portfolio, Emerson will be the largest provider of integrity and corrosion management solutions in the marketplace.
Lal Karsanbhai, group vice president, measurement and analytical technologies, Emerson Automation Solutions, added, "The addition of patented Permasense technologies along with our existing Roxar technologies enables Emerson to provide customers with a more complete corrosion monitoring solution and a clearer picture into the performance of their infrastructure based on what they're demanding of it and the strategies needed to optimize production."
Central to Permasense corrosion monitoring systems are sensors that employ proven ultrasonic wall thickness measurement principles. The sensors are battery powered and communicate wirelessly, which minimizes the cost of installation and enables use in remote areas and on a large scale. The sensors are also designed so they can be deployed in hazardous areas.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. Sales in fiscal 2015 were $22.3 billion. For more information, visit Emerson.com.
1 (512) 899-0004, Denise.Clarke@fleishman.com
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