The acquisitions of Locus Traxx and PakSense complement our existing Commercial & Residential Solutions portfolio, and enable us to further our leadership in cold chain management and fresh food monitoring. Investing in these businesses expands our technology and services and helps to address the high-stakes need of customers in the agriculture, transport and retail industries to provide safe and consistent fresh food monitoring.
The Pentair Valves & Controls business expands our automation portfolio and enhances our position as an industry leader in control, isolation, pressure relief valves and actuation. With a large base in industries including chemical, petrochemical, oil and gas, power, and others, we have positioned our businesses to grow and provide customers with more complete solutions to their toughest challenges.
In August 2016, we announced the sale of the Network Power businesses. This sale is a strategic part of the overall portfolio repositioning Emerson started in 2015 to accelerate growth and create value for our shareholders. The Emerson portfolio is now focused on two core business platforms, Automation Solutions and Commercial & Residential Solutions, where we have leadership positions in stronger growth end-markets.
In August 2016, we announced the sale of the Leroy-Somer and Control Techniques business units. The divestiture serves as another step in Emerson’s strategic repositioning to restructure and align our business for long-term growth.