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EMR - Emerson scoops up Mita-Teknik; terms undisclosed
Emerson Electric Company
Mita-Teknik is in control automation and is involved with developing wind energy. The company offers everything in Control, Pitch, Condition Monitoring, SCADA, Optimization, and Customer Partnering. The financial terms were not disclosed. The acquisition is complementary to Emerson’s (NYSE:EMR) existing control system portfolio and supports the company’s ability to help customers transform operations and meet sustainability goals digitally. The deal expands Emerson’s capabilities within the wind power generation market.