Emerson acquires Paine Electronics business
Emerson acquires Paine Electronics business
ST. LOUIS, Missouri -- Emerson has acquired the Paine Electronics business from Paine Electronics, LLC, which will become a part of Emerson Process Management.
With this acquisition, Emerson Process Management extends its leadership in providing measurement technologies for the oil and gas industry, with expanded upstream capabilities in subsea and downhole drilling operations. Paine’s products will join the Rosemount portfolio of measurement technologies. Terms of the acquisition were not disclosed.
“Paine’s products are a natural complement to our already strong measurement technologies for the oil and gas industry,” said Tom Moser, group V.P. of Emerson Process Management’s Measurement and Analytical technologies. “We are excited about the synergy between our two companies and the opportunities for global business growth.”
