Emerson Electric $99 million acquisition of Spectronix

Overview:

• Emerson Electric has acquired Spectronix for $100 million.
• Spextronix is an Israeli developer of fire detection systems.
• The deal is being enacted via a triple reverse merger, with the acquiring subsidiary Emerson Process Management Asia Pacific being merged with Spectronix subsidiary Vulcan.
• Emerson Process is a maker of measurement, analysis and management solutions for energy, chemical and mining companies.

Sam Duke - Editor