Emerson agrees to buy Aventics

Emerson has agreed on terms to acquire Aventics from Triton for a cash purchase price of €527 million ($617 million). Aventics manufactures smart pneumatics technologies that power machine and factory automation applications. Emerson is already a significant presence in fluid automation technologies for process and industrial applications, and Aventics significantly expands the company’s reach in this growing $13 billion market, said an Emerson release.

With central offices in Laatzen, Germany, Aventics has approximately 2,100 employees globally with five manufacturing locations and 2017 sales of $425 million.