Emerson Electric to acquire Afag, terms undisclosed

Emerson announced a definitive agreement to acquire Afag. Headquartered in Zell, Switzerland, Afag brings technology and innovation to Emerson. The transaction will enhance Emerson’s capabilities in factory automation, one of the company’s four priority adjacencies, and create a motion portfolio combining Afag’s electric linear motion solutions with Emerson’s pneumatic motion technology. Afag serves customers in end segments including battery manufacturing, automotive, packaging, medical, life sciences and electronics. The transaction is expected to close by the end of Emerson’s FY23, subject to customary closing conditions, including receipt of regulatory approvals. Terms of the transaction were not disclosed. Afag will be reported in Emerson’s Discrete Automation segment.