Emerson Acquires Damcos Holding A/S
Emerson announced that it has acquired Damcos Holding A/S from the 3i Group PLC of the United Kingdom; Danfoss A/S of Nordborg, Denmark; and the Damcos management team.
The terms of the agreement were not disclosed.
Damcos is a supplier of valve remote control systems, tank monitoring equipment, and marine tank management solutions to the global marine and offshore markets.
Damcos will immediately become part of Emerson's Process Management business.
"We are very excited to be part of Emerson Process Management," said Ove Soerensen, president and CEO of Damcos. "Being part of such a successful global player will allow us greater access to marine customers and to new markets that will fuel growth well into the future."