ACHRNEWS

Sept. 16, 2010: Emerson Completes Acquisition of Chloride Group

September 16, 2010

ST. LOUIS - Emerson announced it has completed its acquisition of Chloride Group PLC, which now joins Emerson Network Power. According to the company, this acquisition helps drive Emerson’s long-term global growth strategy for uninterruptible power supply (UPS) and integrated data center solutions. The purchase price was approximately $1.5 billion.

Emerson said Chloride’s leading UPS technology, strong European presence, and leading service and custom power solutions across a wide range of applications complements Emerson Network Power’s other leading brands and businesses, including Liebert, Avocent, Energy Systems, Knürr, ASCO and Aperture. The addition of Chloride strengthens Emerson’s ability to deliver complete IT infrastructure power solutions. It further adds strength to Emerson’s global position with its industrial UPS technology and customer base.

“We’re excited today about the opportunities and options now open to our customers with the addition of the Chloride business,” said Ed Feeney, Emerson executive vice president and business leader of Emerson Network Power. “Chloride is a great company, with a leading European position and strong industrial sector relationships. This complements everything we do.”

Feeney added, “As managing a data center’s IT and physical infrastructure becomes more complex and critical, customers today must have at their disposal complete, integrated power solutions to enable true Data Center Infrastructure Management (DCIM) and gain increased availability and energy efficiency.”

Emerson said Data Center Infrastructure Management is a holistic approach to monitoring and managing the data center infrastructure layer (power, cooling and room environment), the IT infrastructure layer (compute, storage and communications) and the gap between the two layers.

Peter Loconto, president of Network Power’s Energy Systems business, has been named to lead the new Emerson Network Power European organization. Reporting to Loconto will be the Emerson Network Power divisions in Europe, as well as the newly acquired Chloride business, which will be led by Tim Cobbold, currently Chloride’s chief executive.

For more information, visit www.emersonnetworkpower.com.

Publication date: 09/13/2010