Emerson – Emerson to Acquire Flexim and Expand Automation Leadership
Acquisition enhances Emerson’s intelligent devices portfolio with innovative ultrasonic technology
ST. LOUIS (August 16, 2023) – Emerson (NYSE: EMR) today announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (“Flexim”), a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam.
Headquartered in Berlin, Germany, Flexim brings highly differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well as approximately 450 employees. Flexim provides highly accurate, low-maintenance clamp-on ultrasonic flow measurement technology for a broad range of attractive end markets, including chemical, water & wastewater, life sciences, food & beverage, and power generation. The transaction will expand Emerson’s automation portfolio and measurement capabilities, complementing its existing flow measurement positions in Coriolis, differential pressure, magmeter and vortex flow measurement. Underpinned by favorable end market growth and technology leadership, the global ultrasonic clamp-on flowmeter market is expected to grow in the high single digits annually longer-term. Upon the close of the transaction, Flexim’s Berlin headquarters is planned to become Emerson’s Ultrasonic Flow Measurement Center of Excellence.
“We are excited to further enhance Emerson’s capabilities with the addition of Flexim’s leading clamp-on ultrasonic measurement technology, which is a strong complement to our intelligent devices portfolio,” said Ram Krishnan, chief operating officer of Emerson. “Flexim brings an exciting new technology that will enable us to accelerate growth. The combination of Emerson’s comprehensive measurement suite and Flexim’s innovative technology will enhance the value we bring to customers across a variety of industries. We look forward to welcoming Flexim’s skilled and dedicated employees to Emerson, where they will continue to play a critical role in driving the success of the business.”
“We are thrilled to be joining Emerson, which shares our culture of innovation and focus on technology and R&D,” said Jens Hilpert, chief executive officer and co-founder of Flexim. “This transaction will enable us to provide more comprehensive solutions to a broader set of customers, leveraging Emerson’s global intelligent devices leadership and commercial excellence. As we join forces with Emerson, we will continue to serve our customers and utilize our combined capabilities to solve essential measurement needs.”
The transaction is expected to close by the end of Emerson’s fiscal 2023, subject to customary closing conditions. Flexim is expected to be accretive to Emerson’s sales growth, gross margins and adjusted EBITA margins. Terms of the transaction were not disclosed. Flexim will be reported in Emerson’s Measurement & Analytical segment.
For the transaction, Evercore is serving as financial advisor and Freshfields Bruckhaus Deringer LLP is serving as legal advisor.
SourceEmerson
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More information on FLEXIM Flexible Industriemeßtechnik GmbH: https://www.flexim.com/en + FLEXIM is the leader in clamp-on ultrasonic flow measurement for liquids, gases, and steam.
Headquartered in Berlin, Germany, Flexim brings highly differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well as approximately 450 employees. Flexim provides highly accurate, low-maintenance clamp-on ultrasonic flow measurement technology for a broad range of attractive end markets, including chemical, water & wastewater, life sciences, food & beverage, and power generation.
More information on Jens Hilpert (Chief Executive Officer and Co-founder, Flexim, Emerson): https://www.flexim.com/en/news-events/flexim-30-years-setting-standards + https://www.linkedin.com/in/jens-hilpert-5b912110/
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EMR Additional Notes:
- Ultrasonic Technology:
- Ultrasonic technology is defined as the process of using barely audible and inaudible sound waves to transmit digital data. It is also known as ultrasonic data transmission.
- Ultrasonic sensors work by emitting sound waves at a frequency too high for humans to hear. They then wait for the sound to be reflected back, calculating distance based on the time required. This is similar to how radar measures the time it takes a radio wave to return after hitting an object.
- Flow Meter:
- A flow meter (or a flow sensor) is type of flow instrument that is used to indicate the amount of liquid, gas, or vapor moving through a pipe or conduit by measuring linear, non-linear, mass, or volumetric flow rates.
- A flow meter is a device that measures how much liquid or gas moves through a pipeline in a given period of time. By measuring flow rates, flow meters provide crucial visibility into what’s flowing where, within pipes, drainage systems, and other types of infrastructure.
- Clamp-on Ultrasonic Flow Meter:
- Ultrasonic clamp-on flow meters measure fluid flow in main applications. By using sound waves to determine the transit time of a gas or liquid, ultrasonic flow meters can accurately monitor any changes in flow, both upstream and downstream.
- The flow measurements are made by penetrating the pipe with ultrasound. Time differences, frequency variations or phase shifts of the ultrasonic signals caused by the flowing liquid are subsequently evaluated.