Sept. 12, 2006: Emerson Acquires Asian Compressor Manufacturer
ST. LOUIS - Emerson Climate Technologies, a business of Emerson, announced that it has purchased Kirloskar Copeland Limited (KCL). The company has partnered with Kirloskar Brothers Limited (KBL) in India since 1993, operating KCL as a joint business venture. KCL is a leading compressor manufacturing company in India.
Emerson's purchase of KBL's 51 percent stake in the KCL venture makes Emerson the manufacturer's sole owner. According to the company, this acquisition strengthens Emerson's position in the Asian HVACR marketplace and adds manufacturing and engineering resources in the high-growth Indian market.