Emerson Makes Minority Ownership Investment in Transformative Wave
Expands presence in HVAC energy-saving technologies
ST. LOUIS — Emerson has announced a strategic investment in Transformative Wave, a Kent, Washington-based provider of technologies to help drive energy efficiency and savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring, and diagnostics. Terms of the new collaborative relationship, to be part of Emerson’s Commercial & Residential Solutions business, were not disclosed.
“Our investment in Transformative Wave complements our existing presence within the retail, foodservice, and commercial buildings markets,” said Bob Sharp, executive vice president and Commercial & Residential Solutions business leader, Emerson. “This latest investment demonstrates how Emerson is continuing to leverage our existing leadership positions in compression and electronics into new growth areas that deliver significant value to our customers.”