This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Emerson Acquires Marine Controls Business From Johnson Controls

Emerson (NYSE: EMR) today announced it has acquired the Marine Container and Boiler business of Johnson Controls, Inc. (NYSE: JCI), enabling Emerson Climate Technologies to expand its refrigeration technology and solutions offerings in the global transportation sector. Terms of the acquisition were not disclosed.

Johnson Controls’ Denmark-based Marine Container and Boiler business supplies controls for optimal operation of refrigerated sea containers and marine boilers, along with solutions that monitor and report on refrigeration conditions within large groups of marine shipping containers on land or at sea to ensure product quality and food safety. The hardware and software solutions monitor container conditions and notify shipping companies and terminals of deviations outside of optimal ranges so they can take appropriate actions. Johnson Controls’ solutions are installed on more than 650,000 containers and 2,200 ships, which connect to a central monitoring server.

“Emerson Climate Technologies is a world leader in delivering air conditioning and refrigeration technologies and services to the residential, commercial, and retail markets, and this acquisition enables us to bring more value to the global transportation market,” said Ed Purvis, global business leader for Emerson Climate Technologies. “Marine container monitoring and control, combined with our compressors and diagnostic technologies that also are installed on shipping containers, opens the door for us to provide a full range of powerful solutions to help global shipping companies and transportation managers ensure their cargo is transported in optimal conditions.”

The new Emerson offerings will be known as Transportation Solutions within the Retail Solutions business of Emerson Climate Technologies.

“The addition of marine container monitoring and control allows us to provide shipping companies and terminals with enhanced capabilities in asset management, system optimization, and predictive diagnostics throughout the full range of the transportation supply chain,” said Mark Dunson, president, Retail Solutions, Emerson Climate Technologies. “The acquisition is a perfect fit with our existing Retail Solutions business, expanding the capabilities we’re able to provide our customers.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs