Emerson expands in O&G software field with a new acquisition

(courtesy of Emerson)

(courtesy of Emerson)

Emerson has acquired GeoFields, Inc., a global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry. GeoFields software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area risk analysis and prioritize pipeline integrity-related maintenance and asset management activities. The terms of the acquisition were not disclosed by the company.
The acquisition of GeoFields is believed to set Emerson as a comprehensive solutions provider for pipeline operations management, whose portfolio of pipeline solutions for the oil and gas industry includes pipeline and terminal enterprise commercial management solutions, operations management software, pipeline modeling and leak detection, SCADA systems, corrosion and erosion monitoring, valve and control solutions, flow metering and measurement technologies.