Press release from Business Wire
Emerson Expands Power Industry Solutions Portfolio With Acquisition Of Innovative Control Systems Inc.
Wednesday, June 30, 2010
PITTSBURGH (Business Wire) -- Emerson (NYSE: EMR) has acquired Clifton Park, N.Y.-based Innovative Control Systems Inc., a leader in turbine control upgrades for the power generation industry. The acquisition expands Emerson Process Management's capabilities in the growing combustion turbine controls market, further securing the company's leadership position in this industry. Terms of the deal were not disclosed.
Innovative Control Systems specializes in upgrading control systems on gas turbines such as those used in combined-cycle power plants. Such turbines offer high efficiency, low capital costs, and limited emissions compared to many other power generation technologies. Control retrofits have become an increasingly attractive way for power generators to cost-effectively boost the performance and reliability of existing generating assets.
Innovative Control Systems provides turnkey solutions – including planning, engineering, configuration, installation, and commissioning – for control system retrofits of combustion and steam turbines. This complements Emerson's expertise in turbine condition monitoring and protection systems, instrumentation, analyzers, and valves.
“Innovative Control Systems' expertise in upgrading combustion turbines is highly complementary to our existing capabilities,” said Steve Sonnenberg, president of Emerson Process Management. “The acquisition expands our ability to meet customer needs for automation engineering in this important and expanding market.”
“Emerson's global reach and technological leadership will help us to better serve our valued existing customers, as well as expand our customer base,” said Pat Nolan, president of Innovative Control Systems. “We share a common vision and passion for providing world-class turbine control solutions to the power-generation industry.”
Founded in 1991, Innovative Control Systems has provided control retrofits on turbines manufactured by GE, Siemens, Pratt & Whitney, Alstom, Rolls Royce, and Solar, among others. Innovative Control Systems will serve its customers – located across the globe with concentrations in North America, the Middle East and Latin America – as part of Emerson Process Management's Power & Water Solutions.
About Emerson Process Management
Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing, and distribution in the power, water and wastewater treatment, chemical, oil and gas, refining, pulp and paper, mining and metals, food and beverage, life sciences, and other industries. Emerson brands include PlantWeb™, Ovation™, Scenario™, SmartProcess™, SureService™, Syncade™, DeltaV™, Fisher®, Micro Motion®, Rosemount®, Daniel®, and AMS Suite.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2009 were $20.9 billion. For more information, visit www.Emerson.com.
Ovation, Scenario, SureService, SmartProcess, PlantWeb, Syncade, Fisher, Micro Motion, Rosemount, Daniel and DeltaV are marks owned by one of the Emerson Process Management legal entities. Other marks are the property of their respective owners.