Deepens Emerson Climate Technologies’ Offerings In The Transportation Sector
ST. LOUIS, April 2, 2012 – Emerson (NYSE: EMR) today announced it has acquired the Marine Container and Boiler business of Johnson Controls, Inc. (NYSE: JCI), enabling Emerson Climate Technologies to expand its refrigeration technology and solutions offerings in the global transportation sector. Terms of the acquisition were not disclosed.
Johnson Controls’ Denmark-based Marine Container and Boiler business supplies controls for optimal operation of refrigerated sea containers and marine boilers, along with solutions that monitor and report on refrigeration conditions within large groups of marine shipping containers on land or at sea to ensure product quality and food safety. The hardware and software solutions monitor container conditions and notify shipping companies and terminals of deviations outside of optimal ranges so they can take appropriate actions. Johnson Controls’ solutions are installed on more than 650,000 containers and 2,200 ships, which connect to a central monitoring server.
“Emerson Climate Technologies is a world leader in delivering air conditioning and refrigeration technologies and services to the residential, commercial, and retail markets, and this acquisition enables us to bring more value to the global transportation market,” said Ed Purvis, global business leader for Emerson Climate Technologies. “Marine container monitoring and control, combined with our compressors and diagnostic technologies that also are installed on shipping containers, opens the door for us to provide a full range of powerful solutions to help global shipping companies and transportation managers ensure their cargo is transported in optimal conditions.”
The new Emerson offerings will be known as Transportation Solutions within the Retail Solutions business of Emerson Climate Technologies.
“The addition of marine container monitoring and control allows us to provide shipping companies and terminals with enhanced capabilities in asset management, system optimization, and predictive diagnostics throughout the full range of the transportation supply chain,” said Mark Dunson, president, Retail Solutions, Emerson Climate Technologies. “The acquisition is a perfect fit with our existing Retail Solutions business, expanding the capabilities we’re able to provide our customers.”
The Marine Container and Boiler business was part of the Johnson Controls Marine & Navy organization. The remaining businesses within the Marine & Navy organization are not part of this transaction and will continue to operate under Johnson Controls.
Emerson will host a brief presentation to discuss this transaction at 11 a.m. Eastern / 10 a.m. Central on Monday, April 2. A webcast of the presentation will be available in the Investor Relations area of Emerson’s website at www.Emerson.com/financial at the time of the event, and an archive replay will be available for approximately one week.
About Emerson Climate Technologies
Emerson Climate Technologies, a business of Emerson, is the world’s leading provider of heating, air conditioning, and refrigeration solutions for residential, industrial, and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, and educational and monitoring services to provide customized, integrated climate-control solutions for customers worldwide. Emerson Climate Technologies’ innovative solutions, which include industry-leading brands such as Copeland Scroll and White-Rodgers, improve human comfort, safeguard food, and protect the environment. Learn more about Emerson Climate Technologies products and services at www.EmersonClimate.com.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2011 were $24.2 billion. For more information, visit www.Emerson.com.
Forward-Looking and Cautionary Statements
Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include economic and currency conditions, market demand, pricing, and competitive and technological factors, among others, as set forth in the Company’s most recent Form 10-K filed with the SEC.