Emerson Acquires Flexim
St. Louis (August 16, 2023) – Emerson (NYSE: EMR) announced today that it has entered into a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (“Flexim”), a global leader in clamp-on ultrasonic flow measurement technology for liquids, gases, and steam. This acquisition enhances Emerson’s smart device portfolio with innovative ultrasonic technology, further strengthening its leadership in the automation industry.
About Flexim
Headquartered in Berlin, Germany, Flexim brings highly differentiated and complementary technology along with strong customer relationships, boasting an installed base of over 100,000 flowmeters and approximately 450 employees. Flexim provides high-precision, low-maintenance clamp-on ultrasonic flow measurement solutions for attractive end markets, including chemicals, water and wastewater, life sciences, food and beverage, and power generation.
This acquisition expands Emerson’s automation product portfolio and enhances its measurement capabilities, complementing its existing strengths in Coriolis, differential pressure, electromagnetic, and vortex flow measurement technologies. Supported by favorable market growth and technological leadership, the global clamp-on ultrasonic flowmeter market is expected to maintain a high single-digit annual growth rate over the long term.
After the transaction is completed, Flexim’s Berlin headquarters will serve as Emerson’s Center of Excellence for Ultrasonic Flow Measurement.
About Emerson
Emerson (NYSE: EMR) is a global technology and software company that provides innovative solutions for critical industries worldwide. With its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process, and discrete manufacturers optimize operations, protect personnel, reduce emissions, and achieve sustainability goals.
More information: www.emerson.com
Closing Conditions and Financial Impact
The transaction is expected to close by the end of Emerson’s fiscal year 2023, subject to customary closing conditions. The acquisition is anticipated to be accretive to Emerson’s sales growth, gross margin, and adjusted EBITA margin.
The financial terms of the deal have not been disclosed, and Flexim will report under Emerson’s Measurement & Analytical segment.
