Emerson sells Brooks Instrument

08 January 2008

Emerson sold its Brooks Instrument unit on December 21, 2007, to American Industrial Partners Capital Fund IV, L.P. (AIP), for approximately $100 million (€70 million or £50 million) in cash.

In an announcement, on January 3, 2008, Emerson said the sale of Hatfield, PA, based flow measurement and control specialist is representative of its business mix toward high-growth, high return businesses that are strategic to its entire portfolio.

‘Brooks Instrument has performed well for Emerson,’ said David N. Farr, chairman, CEO and president. ‘However, we believe Brooks’ alignment within AIP’s business provides the right synergy going forward for both companies.’

Over the past 18 months, Emerson has sold several small businesses including its Western Forge hand tool unit and Buehler materials testing business, and in recent weeks sold its joint venture interest in Industrial Motion Control.

Emerson has also made a number of acquisitions. Most recently, Emerson in September agreed to acquire Motorola’s Embedded Communications Computing (ECC) business for $350 million (approximately €240 million or £180 million). The transaction also closed on December 31.

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