Emerson will acquire the valve and control business from Pentair

In a statement on Aug. 18, Emerson declared that it will acquire the entire Pentair’s valve and flow control business.
The acquisition will support Emerson’s operations in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio.
The acquisition is expected to close in the next four to six months, subject to various regulatory approvals. Greenhill & Co. LLC was Emerson’s financial adviser, and Davis Polk & Wardwell LLP was Emerson’s legal adviser.
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of $5.2 billion as part of the company’s overall strategic portfolio repositioning that began in June 2015.