Those that have, do...
The companies that went into the recession or whatever we're calling this economic meltdown is, with full bags of money are beginning to find high value acquisitions at quite reasonable prices. Here's a press release from Emerson Process Management about a new acquisition:
Emerson has acquired epro GmbH of Gronau, Germany to enhance the expertise and resources of Emerson Process Management, a global automation and asset management leader. The deal expands Emerson’s online machinery monitoring capability with a full API 670-compliant protection offering. It is also expected to speed availability of next generation solutions. Terms of the deal were not announced.
"This acquisition extends Emerson’s leadership in machinery monitoring and expands our Smart Machinery Health™ Management offerings. All of this is tightly integrated in the PlantWeb® digital plant architecture,” said Craig Llewellyn, president Asset Optimization division of Emerson Process Management. “It combines world-class API-compliant machinery protection solutions with Emerson’s considerable expertise in predictive diagnostics."
epro GmbH was a privately owned company, founded in 1970, and is headquartered in Gronau, Germany. The company engineers, manufactures and assembles API 670-compliant protection systems delivered to the process industries worldwide.