The acquisition is expected to broaden Emerson’s Cold Chain technology portfolio to provide end-to-end food safety monitoring solutions for food service markets.
Who doesn’t like to come to Vegas and play some golf. Emerson was thinking exactly that when they hosted their Sunday evening AHR event at Top Golf at MGM. Attendees enjoyed food and drink while working on their handicap at this well-attended event.
By consolidating five different controls into a single module that supports operation, diagnostics, compressor protection, and two-way communication, this unit can monitor system status and make necessary adjustments to maximize efficiency and reliability.
Network Power is valued at $4 billion and Emerson will retain a subordinated interest in Network Power; the Leroy-Somer and Control Techniques business units are valued at $1.2 billion. Both transactions are expected to close by Dec. 31, 2016, subject to regulatory approvals.
Emerson has announced the opening of The Helix Innovation Center at Georgia Tech, a new collaboration and innovation space located in Technology Square, the university’s innovation hub.
Emerson announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power. The sale is expected to close by Dec. 31, 2016, subject to regulatory approvals.
An investment in innovation came to fruition as Emerson officially introduced its $35 million Helix Innovation Center on April 27. The 40,000-square-foot center located on the University of Dayton campus will serve as a commercial building controls and HVAC technology lab.
The Supermarket of the Future contest encouraged participants as teams or individuals to deliver innovative ideas that demonstrate new approaches to today’s supermarket challenges. Judges reviewed submissions from 45 students and chose three winning entries.
The latest forum was held Feb. 18 in Atlanta and was highlighted by Drusilla Hufford, director, stratospheric protection division, U.S. Environmental Protection Agency (EPA), who gave a national and global regulatory update, as well as Rajan Rajendran, vice president, systems innovation center and sustainability, Emerson Climate Technologies, who briefed attendees on refrigerant and energy regulations.