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Article: United States : Emerson Lands Marquis Acquisition.
- Article from:
- TendersInfo
- Article date:
- October 8, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Emerson Electric EMR announced that it is acquiring information technology firm Avocent Corp. AVCT for $25 per share in cash, which is roughly $1.2 billion. At first glance, acquiring Avocent's technology helps Emerson beef up its product offering to data centers with Avocent's strong market position in KVM switches. This should help Emerson make the technology infrastructure in a data center more automated and improve optimization capabilities as well as reduce energy consumption.
We are not forecasting material cost savings in this transaction because Avocent's technologies are fairly new to Emerson and we do not think there is a material overlap with Emerson's ...