Emerson's Acquisitions

Part
01
of five
Part
01

Emerson Acquisitions 1

In 2014, Emerson acquired Appleton Group for $574 million USD. None of the other deals between 2014 and 2018 listed in rows 28-36 of the attached spreadsheet disclosed the value of the acquisition. Details of each acquisition have been provided in the attached spreadsheet.

Summary

  • iSolutions uses FileMaker to leverage CRM, billing, project management, scheduling, quoting, and HR through custom-built operations apps. The company provides consulting services relating to FileMaker and create database and functionalities for companies in a custom format.
  • Spectrex produces flame and gas detectors and suppression solutions for companies in the automotive and marine industry, oil and gas industries, power generation, aviation and transportation, chemical and medical, waste and wastewater, commercial buildings, and technology industries. The company has been in business for 39 years and developed the first ultraviolet-infrared (UV/IR) and triple infrared (IR3) flame detectors.
  • IntelliSAW uses Surface Acoustic Wave technology to provide sensing solutions for asset monitoring. The system provides, non-invasive, continuous, real-time temperature data for Critical Electric Power Transmission & Distribution Assets.
  • ESI provides retrofitting lighting solutions to retail, industrial, and commercial customers. The company focuses on using high-quality materials and remaining "American-made" using superior packaging to protect their products.
  • Yggdrasil is a company that provides "flow assurance and production optimization software" located in Norway. The company's main product, METTE, is used to solve thermo-hydraulic problems in the oil and gas sector.
  • Ameya Transmissions is an India based company that provides quarter turn worm gear operators and declutchable worm gear manual overrides for butterfly or ball valve manufacturers. The company has been in business for 35 years and has 11-50 employees. The company sees a 23% growth in production annually.
  • Appleton Group is a registered investment adviser that provides wealth management, research, and investment advisory services. The company works with private clients, employer-sponsored retirement plans, non-profit endowments and financial institutions to create sustainable profit portfolios.
  • Paine produces a product line of high pressure and temperature sensors that are specifically designed to solve critical measurement challenges in harsh environments. The company provides both products as well as consulting services in the aerospace and defense, space and satellite, oil and gas, and subsea industries.
  • By implementing site and corporate-wide reliability programs, MRG is known for "helping process plant owners and operators improve plant availability." The company leverages knowledge and proprietary project methodologies to ensure optimal return on plant assets.

Research Strategy

In order to identify the cost or value of the acquisition for iSolutions, Spectrex, Inc., intelliSAW, Energy Solutions International, Yggdrasil, Ameya Transmissions, Paine Electronics Business, and Management Resources Group, Inc., we began our search by scouring company databases like crunchbase and pitchbook, however, none of these sources provided the actual value of any of the acquisitions. We then searched media releases from both parties in hopes to find the value in a press release or media coverage of the deal. Unfortunately, this search did not provide the value, only statements from both parties about the acquisition in general. Finally, we scoured company financials for Emerson during the year of the acquisition in hopes to find details of the acquisition financials, however, the company only disclosed that in 2018, they funded acquisitions for a total amount of $2.2 billion USD, in 2015 they funded $324 million USD, and in 2014 they funded $610 million.

In order to determine the sales of iSolutions, Spectrex, Inc., intelliSAW, Energy Solutions International, Ameya Transmissions, Paine Electronics Business, and Management Resources Group, Inc. prior to their acquisition, we scoured public records looking for financial reports, however, because the companies were private, there are no SEC filings for the companies prior to the acquisition. We then scoured company databases on sites like crunchbase and pitchbook, however, none of these sources provided estimated revenue for the companies. Finally, we scoured media releases and industry reports on sites like Forbes and Business Insider, however, none of these sources provided any details regarding estimated sales for the companies. Through all searches, we were unable to find any data that could be used as a proxy or that could provide data for an estimated calculation of the company's sales prior to the acquisition by Emerson.


Part
02
of five
Part
02

Emerson Acquisitions 2

The cost of Emerson's acquisition of APM Automation Solutions, Virgo Valves, Enardo, Fisher Sanmar Limited, and Chloride Group PLC was $10 million+, $450 million, $56 million, $135 million, and $1.5 billion, respectively. Details of Emerson's acquisitions between 2010 and 2013 have been provided in rows 37-45 of the attached spreadsheet.

Summary

  • APM Automation Solutions is a provider of volume and level measurement solutions. The company is currently focusing on solids measurement applications to increase accuracy in measuring the level and volume of powder and bulk solid materials in cement, power, mining, chemical, plastic, energy, metal, food & beverage, and pharmaceutical industries.
  • In order to keep processes working at maximum efficiency, Virgo Valves provides performance and reliability in all their products. The company makes valves for oil drilling.
  • Enardo is an Oklahoma-based company that produces hatches, vent, pressure and vacuum relief valves and flame arrestors for tank and terminal safety equipment in the oil and gas, petrochemical, chemical industries. The company is a leading provider of tank vapor controls applications.
  • Groveley Detection provides ultrasonic gas leak detection solutions. They focus sales in on offshore and onshore oil and gas installations in the United Kingdom.
  • ISE-MagTech manufactures level gages and associated equipment with a focus on industrial applications. The company's magnetic level indicators and magnetostrictive transmitters reduce maintenance needed within plant operations.
  • Avtron LoadBank is a leader in resistive and reactive load banks, neutral grounding resistors and industrial power resistors. The company's products are used in "factory testing, commissioning, service, and periodic exercising of standby emergency power systems."
  • Fisher Sanmar Limited is an India-based company that was founded in 1992. The company focuses efforts on manufacturing industrial valves.
  • Net Safety Monitoring, Inc. is a producer of safety and security products including fixed toxic and combustible gas detectors, flame detectors, and safety systems. The company focuses efforts in design, development, and manufacturing of these products.
  • Chloride Group PLC manufactures and distributes power supply systems and power conditioners. The company provides secure power to systems such as "offshore drilling rigs and underground metro tunnels, hospital equipment, passenger safety systems in airports, and signaling on railway networks."

Research Strategy

In order to identify the cost or value of the acquisition for Groveley Detection, Ltd., ISE-MagTech, Inc, Avtron LoadBank, and Net Safety Monitoring, Inc., we began our search by scouring company databases like crunchbase and pitchbook, however, none of these sources provided the actual value of any of the acquisitions. We then searched media releases from both parties in hopes to find the value in a press release or media coverage of the deal. Unfortunately, this search did not provide the value, only statements from both parties about the acquisition in general. Finally, we scoured company financials for Emerson during the year of the acquisition in hopes to find details of the acquisition financials, however, the company only disclosed that in 2012, they funded acquisitions for a total amount of $187 million, in 2011 they funded $232 million USD, and in 2010 they funded $2.84 billion.

In order to determine the sales of APM Automation Solutions, Groveley Detection, Ltd., ISE-MagTech, Inc, Avtron LoadBank, Net Safety Monitoring, Inc., and Chloride Group PLC prior to their acquisition, we scoured public records looking for financial reports, however, because the companies were private, there are no SEC filings for the companies prior to the acquisition. We then scoured company databases on sites like crunchbase and pitchbook, however, none of these sources provided estimated revenue for the companies. Finally, we scoured media releases and industry reports on sites like Forbes and Business Insider, however, none of these sources provided any details regarding estimated sales for the companies. Through all searches, we were unable to find any data that could be used as a proxy or that could provide data for an estimated calculation of the company's sales prior to the acquisition by Emerson.

Part
03
of five
Part
03

Emerson Acquisitions 3

The value of Emerson's acquisition of Avocent Corporation, Roxar, System Plast S.p.A, Trident Powercraft Private Limited, SSB Group GmbH, Bay-Tec Engineering, TopWorx, Aperture, and The Automation Group, Inc. were not available to the public. Details of each acquisition have been provided in row 46-54 of the attached spreadsheet.

Summary

  • Avocent Corporation provides solutions and technologies that allow data center managers to have more control in data center infrastructure, specifically in energy consumption, IT operations, and costs. The company developed management technology that manages "IT device operations and performance information, blending hardware, software and embedded technologies in a unified platform that simplifies monitoring, managing and problem solving in any size data center.
  • Roxar focuses on subsea technologies, specifically smart downhole networks that provide real-time reservoir production optimization and flow assurance. The company employs geoscientists, engineers, software developers and computer scientists to integrate a system with data and predictive models for continuous monitoring in the oil and gas sector.
  • System Plast S.p.A is a manufacturer of conveyor parts and engineered modular belts. The technologies that the company innovates with include polymer extrusion, machining, and injection molding. The company focuses on the bottling, baking, food processing and packaging industries.
  • Trident Powercraft Private Limited is a manufacturing company that specializes in developing power generating alternators. The company works in the electrical/electronic industry and has 11-50 employees.
  • SSB Group develops technology and manufactures actuators for wind turbines. The company focuses on technology that "ensure through optimal alignment of the rotor blades a maximization of the performance."
  • Bay-Tec Engineering specializes in management services for "consultation, design, engineering and implementation of process automation systems for the life sciences, refining, and other industries." The company works mostly in engineering and industrial tech to provide "project management, engineering and design (including cGMP processes), system integration, panel fabrication, installation and commissioning, calibration, and system validation."
  • TopWorks is a manufacturer of industrial sensors and controls that are used for automated valves and field devices. Their sensors connect on/off valves to networking protocols and work in harsh environments.
  • Aperture was founded in 1987 and is a developer of data center management software that acts as a database for facility equipment. The company provides solutions for reducing operational risk and maximizing efficiency in equipment, space, power, cooling, network and storage.
  • The Automation Group is a provider of "process automation/control system engineering, instrument and electrical design, and project management services. The company focuses on the refining, petrochemical, chemical and coal power industries.

Research Strategy

In order to identify the cost or value of the acquisition for Avocent Corporation, Roxar, System Plast S.p.A, Trident Powercraft Private Limited, SSB Group GmbH, Bay-Tec Engineering, TopWorx, Aperture, and The Automation Group, Inc., we began our search by scouring company databases like crunchbase and pitchbook, however, none of these sources provided the actual value of any of the acquisitions. We then searched media releases from both parties in hopes to find the value in a press release or media coverage of the deal. Unfortunately, this search did not provide the value, only statements from both parties about the acquisition in general. Finally, we scoured company financials for Emerson during the year of the acquisition in hopes to find details of the acquisition financials, however, the company only disclosed that in 2010 and 2009, they funded acquisitions for a total amount of $4 billion USD, and in 2008 they funded $295 million USD.
In order to determine the sales of Trident Powercraft Private Limited, SSB Group GmbH, Bay-Tec Engineering, TopWorx, Aperture, and The Automation Group, Inc. prior to their acquisition, we scoured public records looking for financial reports, however, because the companies were private, there are no SEC filings for the companies prior to the acquisition. We then scoured company databases on sites like crunchbase and pitchbook, however, none of these sources provided estimated revenue for the companies. Finally, we scoured media releases and industry reports on sites like Forbes and Business Insider, however, none of these sources provided any details regarding estimated sales for the companies. Through all searches, we were unable to find any data that could be used as a proxy or that could provide data for an estimated calculation of the company's sales prior to the acquisition by Emerson.

In order to find a statement from either company that states the reason for the acquisition of Trident Powercraft Private Limited and SSB Group, we began our search by scouring media releases related to the acquisition. Unfortunately, there were no public releases on sites like Business Wire or other business media sites. We then search company press releases from Emerson, however, they do not have press releases that date that far back on their website. Next, we searched databases like crunchbase, pitchbook, and other business sites that provide merger and acquisition details. This search also provided no results. Finally, we searched annual reports for each company for that year. Unfortunately, the mentions of the company in the Emerson reports did not provide any additional details as to why the companies merged, only stated that they had.

Part
04
of five
Part
04

Emerson Acquisitions 4

The cost of Emerson acquiring Motorola Inc.’s Embedded Computing business, Stratos Lightwave, Knurr, Artesyn Technologies, and Bristol Babcock, Inc. was $350 million, $85 million, $86.44 million, $500 million, and $121 million, respectively. Details of each acquisition have been provided in rows 55-63 of the attached spreadsheet.

Summary

  • Motorola Inc.'s Embedded Computing business is a subsidiary of Motorola that provides embedded computing products and services to the telecommunications, medical imaging, defense and aerospace, and industrial automation industries. The company was founded in 1980 and had over 1,000 employees at the time of the merger.
  • Decision Management International provides real-time manufacturing solutions through electronic management of workflow, materials, equipment, personnel, and documentation. In addition, the company provides solutions for high data integrity in paperless manufacturing.
  • Stratos Lightwave designs, develops and manufactures RF, microwave, and optical subsystems, components, and interconnect products. These products are used in telecom, enterprise, military and video industries.
  • Damcos Holdings A/S is a Denmark based business that was founded in 1960 to manufacture hydraulic equipment for the shipping industry. The company specializes in "marine actuators and integrated marine tank management solutions.
  • Knurr is a Germany-based company that has a seller presence in over 35 countries. The company designs and manufactures flexible enclosure platforms for the telecom industry.
  • Artesyn Technologies designs, manufactures, sells, and services power conversion and embedded board solutions. These solutions are ideal for server and storage, networking, wireless, and telecommunications systems.
  • Bristol Babcock, Inc. is a manufacturer of remote terminal units, flow computers, transmitters, and distributed process controllers. The company focuses on the oil, gas, power, water, and wastewater industries.
  • Tescom Corp was founded in 1916 and generates almost half of its revenue from international sales. The company manufactures pressure regulators, valves, and manifolds to manage process control, natural gas, and LP gas applications.
  • Do+Able Products has a foot in the home center market with partners like The Home Depot and Lowes. The company manufactures "ready-to-assemble wood and steel home and garage organization and storage products."

Research Strategy

In order to identify the cost or value of the acquisition for Decision Management International, Damcos Holding A/S, Tescom Corp, and Do+Able Products, we began our search by scouring company databases like crunchbase and pitchbook, however, none of these sources provided the actual value of any of the acquisitions. We then searched media releases from both parties in hopes to find the value in a press release or media coverage of the deal. Unfortunately, this search did not provide the value, only statements from both parties about the acquisition in general. Finally, we scoured company financials for Emerson during the year of the acquisition in hopes to find details of the acquisition financials, however, the company only disclosed that in 2008, they funded acquisitions for a total amount of $561 million USD, in 2007 they funded $295 million USD, in 2006 they funded $752 million USD, and they funded $466 million USD in 2005.
In order to determine the sales of Decision Management International, Stratos Lightwave, Damcos Holding A/S, and Tescom Corp prior to their acquisition, we scoured public records looking for financial reports, however, because the companies were private, there are no SEC filings for the companies prior to the acquisition. We then scoured company databases on sites like crunchbase and pitchbook, however, none of these sources provided estimated revenue for the companies. Finally, we scoured media releases and industry reports on sites like Forbes and Business Insider, however, none of these sources provided any details regarding estimated sales for the companies. Through all searches, we were unable to find any data that could be used as a proxy or that could provide data for an estimated calculation of the company's sales prior to the acquisition by Emerson.
In order to find a statement from either company that states the reason for the acquisition of Bristol Babcock, Inc., we began our search by scouring media releases related to the acquisition. Unfortunately, there were no public releases on sites like Business Wire or other business media sites. We then search company press releases from Emerson, however, they do not have press releases that date that far back on their website. Next, we searched databases like crunchbase, pitchbook, and other business sites that provide merger and acquisition details. This search also provided no results. Finally, we searched annual reports for each company for that year. Unfortunately, the mentions of the company in the Emerson reports did not provide any additional details as to why the companies merged, only stated that they had.

Part
05
of five
Part
05

Emerson Acquisitions 5

The cost of Emerson's acquisition of Numatics, Inc., outside plant and power systems business of Marconi Corporation PLC, Avansys Power Co., Ltd, Jordan Telecommunication Products, Inc., and Ericsson Energy Systems was $180 million, $375 million, $750 million, $440 million, $725 million, respectively. Details of each acquisition have been provided in rows 64-71 of the attached spreadsheet.

Summary

  • Numatics, Inc. produces fluid power products and technologies in the manufacturing and packaging industries. The company offers services in electronics manufacturing and assembly, medical and analytical, and packaging.
  • Solartron Mobrey is a measurement product manufacture that produces solutions to measure level, density, viscosity and flow computer products. The company focuses on oil and gas production and refining, chemical and petrochemical, water and waste treatment, food and beverage, and power and steam generation industries.
  • Marconi Corp is provider of DC power products, engineering and installation services, and outside plant products in the North American telecommunications industry. The company's focus is on "innovative and reliable optical networks, broadband routing and switching and broadband access technologies and services."
  • Avansys Power Co., Ltd was a subsidiary of Huawei Technologies in China prior to the acquisition by Emerson. The company provides network power products in the telecom industry.
  • Saab Marine Electronics AB provides measurement services including pressure, temperature, and level measurement. The company focuses on the and-based radar level gauging markets.
  • Jordan Telecommunication Products, Inc. is an Illinois-based, private telecommunications company. The company provides products that are used to install fiber-optic wires, cable-television components, and wireless and data-communications infrastructure.
  • Ericsson Energy Systems is a United Kingdom-based telecommunications company. They company "designs, manufactures and markets power supplies and power systems for cellular base stations, telecom switching equipment and telecom facilities."
  • Knaack manufactures jobsite storage equipment including chests, workstations, rolling workbenches and hand tool boxes. The company also has a line of "truck and van equipment, including drawer units, shelving and cabinets, and racks for full size and compact pickups, vans and utility vehicles."

Research Strategy

In order to identify the cost or value of the acquisition for Solartron Mobrey, Saab Marine Electronics AB, and Knaack, we began our search by scouring company databases like crunchbase and pitchbook, however, none of these sources provided the actual value of any of the acquisitions. We then searched media releases from both parties in hopes to find the value in a press release or media coverage of the deal. Unfortunately, this search did not provide the value, only statements from both parties about the acquisition in general. Finally, we scoured company financials for Emerson during the year of the acquisition in hopes to find details of the acquisition financials, however, the company only disclosed that in 2005, they funded acquisitions for a total amount of $466 million USD, and they funded $414 million USD in 2004.
In order to determine the sales of Numatics, Inc., Solartron Mobrey, Saab Marine Electronics AB, and Knaack prior to their acquisition, we scoured public records looking for financial reports, however, because the companies were private, there are no SEC filings for the companies prior to the acquisition. We then scoured company databases on sites like crunchbase and pitchbook, however, none of these sources provided estimated revenue for the companies. Finally, we scoured media releases and industry reports on sites like Forbes and Business Insider, however, none of these sources provided any details regarding estimated sales for the companies. Through all searches, we were unable to find any data that could be used as a proxy or that could provide data for an estimated calculation of the company's sales prior to the acquisition by Emerson.
In order to find a statement from either company that states the reason for the acquisition of Knaack and Jordan Telecommunication Products, Inc., we began our search by scouring media releases related to the acquisition. Unfortunately, there were no public releases on sites like Business Wire or other business media sites. We then search company press releases from Emerson, however, they do not have press releases that date that far back on their website. Next, we searched databases like crunchbase, pitchbook, and other business sites that provide merger and acquisition details. This search also provided no results. Finally, we searched annual reports for each company for that year. Unfortunately, the mentions of the company in the Emerson reports did not provide any additional details as to why the companies merged, only stated that they had.
Sources
Sources

From Part 01
From Part 05