Emerson Acquires Bristol Babcock

March 17, 2006

Emerson announced it has acquired Bristol Babcock from FKI plc of Loughborough, England, for $121 million. To be renamed Bristol, it becomes part of Emerson Process Management and adds industry-leading measurement and control products, technologies and services for oil, gas, power, water and wastewater industries worldwide.

Headquartered in Watertown, Conn., Bristol Babcock has annual revenue of approximately $80 million. Bristol Babcock products and technologies include remote terminal units, flow computers, transmitters and distributed process controllers. It has manufacturing facilities and offices in the U.S., U.K. and Canada with additional offices in Mexico, the Middle East, Australia and China.

“Bristol will extend the Emerson product portfolio and leadership in flow measurement products and services, enabling us to offer an even broader range of value, performance and reliability to our customers,” said John Berra, president, Emerson Process Management. “In addition, the Bristol Babcock management team demonstrates excellent leadership, innovation, dedication to quality and strong company performance…qualities that fit well with Emerson.”

The acquisition complements the Emerson business unit’s established measurement brands that include Rosemount, Micro Motion, Daniel and Mobrey.

“This is excellent news for our company and our customers,” said Jack Kelly, president of Bristol Babcock. “Emerson Process Management’s market leadership in the process industry worldwide will allow us to provide a broader range of solutions, enables us to grow our business faster, and contribute to the success of other Emerson businesses as well.”

Source: Emerson