By the end of the year, FLEXIM Flexible Industriemesstechnik GmbH is to become part of Emerson Electric Co. The provider of technology and software solutions for industrial automation has announced a corresponding takeover.
“With Emerson, we have a strong partner with whom we will jointly further expand our leading position in the globally growing market for industrial ultrasonic flowmeters”, says Jens Hilpert, co-founder of FLEXIM, about the sale: “Emerson and FLEXIM share the same culture of innovation and passion for advanced technological solutions.”
FLEXIM complements Emerson's flow portfolio, which to date includes Coriolis, differential pressure, electromagnetic and vortex flow meters. The FLEXIM brand will be retained.
Jobs will be preserved
The takeover agreement also includes guarantees for the preservation of locations and jobs: “We need the highly qualified and motivated employees of FLEXIM in order to advance ultrasonic flow measurement even further technically and commercially”, emphasises Jon Stokes, Group President Measurement Solutions at Emerson.
FLEXIM's existing four shareholders will continue to perform their roles in the company. Both companies expect the transaction to close by the end of the 2023 financial year, subject to customary closing conditions. The transaction is expected to have a positive impact on Emerson's revenue growth, gross margins and adjusted EBITA margins.
Terms of the transaction were not disclosed. FLEXIM will be reported in Emerson's Metrology and Analytics segment.
