Emerson expands automation leadership with agreement to acquire Flexim
ST. LOUIS (August 16, 2023; Emerson release) — Emerson has announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (“Flexim”), a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam.
Headquartered in Berlin, Germany, Flexim brings highly differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well as approximately 450 employees. Flexim provides highly accurate, low-maintenance clamp-on ultrasonic flow measurement technology for a broad range of attractive end markets, including chemical, water & wastewater, life sciences, food & beverage, and power generation. The transaction will expand Emerson’s automation portfolio and measurement capabilities, complementing its existing flow measurement positions in Coriolis, differential pressure, magmeter and vortex flow measurement. Underpinned by favorable end market growth and technology leadership, the global ultrasonic clamp-on flowmeter market is expected to grow in the high single digits annually longer-term. Upon the close of the transaction, Flexim’s Berlin headquarters is planned to become Emerson’s Ultrasonic Flow Measurement Center of Excellence.
“We are thrilled to be joining Emerson, which shares our culture of innovation and focus on technology and R&D,” said Jens Hilpert, chief executive officer and co-founder of Flexim. “This transaction will enable us to provide more comprehensive solutions to a broader set of customers, leveraging Emerson’s global intelligent devices leadership and commercial excellence. As we join forces with Emerson, we will continue to serve our customers and utilize our combined capabilities to solve essential measurement needs.”
The transaction is expected to close by the end of Emerson’s fiscal 2023, subject to customary closing conditions. Flexim is expected to be accretive to Emerson’s sales growth, gross margins and adjusted EBITA margins. Terms of the transaction were not disclosed. Flexim will be reported in Emerson’s Measurement & Analytical segment.
