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Article: Emerson Acquires Knurr AG of Germany; Leader in Rack and Enclosure Technologies for IT and Telecom Markets to Strengthen Emerson Network Power Capability and Global Position.
- Article from:
- Business Wire
- Article date:
- January 31, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. LOUIS -- Emerson (NYSE: EMR) today announced it has acquired Knurr AG of Munich, Germany, whose leading enclosure systems for the telecommunication and data industries - along with its cooling technologies - will become part of Emerson Network Power's broad technology offering. Emerson will pay approximately EUR 80 million (including all debts assumed) for Knurr.
Knurr joins with Emerson Network Power's industry-leading Liebert(R) brand and its recent Cooligy acquisition to build comprehensive capabilities in rack solutions, mission-critical cooling, and systems integration for data center and telecom sites. As power density and damaging heat levels have ...