Emerson acquires Damcos Holding A/S
Damcos is a leading supplier of valve remote control systems, tank monitoring equipment and complete marine tank management solutions to the global marine and offshore markets. It will immediately become part of Emersons Process Management business, complementing the companys established marine measurement and valve actuation brands, including Saab Rosemount TankRadar, and Bettis, El-O-Matic, Hytork, Shafer and Dantorque actuators.
We are excited about the addition of Damcos Marine Tank Management products and systems expertise to the Emerson family, said John Berra, president, Emerson Process Management. This key acquisition further extends our leadership in process control products and services into the marine and shipbuilding industry.
Founded in 1960 and based in Naestved, Denmark, Damcos is a leading supplier of hydraulic equipment for the local marine shipbuilding industry. Since the early 1990s, the company has developed into a global supplier of marine actuators and integrated marine tank management solutions. Since 2004, Damcos has had a strategic partnership with Emerson to sell Saab Rosemount TankRadar systems to the tanker market. Damcos has production facilities in Naestved; Ry, Denmark; Busan, South Korea; and Shanghai, China.
The acquisition includes all Damcos technologies, manufacturing facilities, and employees.