Emerson acquiring Artesyn Technologies

Source: ControlGlobal.com

Feb 13, 2006

TO HELP serve users with embedded power technologies, Emerson reports that it’s acquiring Artesyn Technologies for approximately $500 million in cash. Artesyn will become part of Emerson Network Power, pending approval by regulators and Artesyn’s shareholders. This acquisition reportedly will bring more embedded power conversion technologies to Emerson Network Power's solutions for users in the enterprise computing, data and telecommunications industries. Artesyn gives OEMs with advanced power conversion equipment, as well as hardware and software subsystems for communication applications.

"Artesyn's focus on technology, global presence and complementary marquee customer relationships make it a great strategic fit with Emerson Network Power to help us better serve important customers in key markets around the world," says David Farr, Emerson chairman, CEO and president.

Located in Boca Raton, Fla., Artesyn had sales of approximately $420 million in 2005. It operates globally with design, manufacturing, sales, and service facilities in Asia, Europe and North America.

"Besides providing Artesyn’s shareholders with full value, our customers will benefit from Emerson's extensive international infrastructure to successfully meet their evolving needs," says Joseph O'Donnell, Artesyn's CEO. "The synergies will provide the scale, resources, and financial flexibility to take our leading technology to the next level."

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