Emerson to acquire Afag Holding AG

Emerson, a global technology leader, is set to acquire Afag Holding AG, an electric linear motion pioneer.

Swiss-based Afag's innovation enhances Emerson's factory automation capabilities, strengthening its motion portfolio by integrating electric linear motion solutions with Emerson's pneumatic technology. With a footprint in battery manufacturing, automotive, packaging, medical, and more, Afag's influence spans dynamic industries.

This strategic move taps into a market valued at over $9 billion, projected to grow mid-single digits annually, aligning with Emerson's long-term growth strategy.

Expected to conclude by the end of Emerson's fiscal 2023, the transaction is subject to customary closing conditions and regulatory approvals. Afag's impact will be reported within Emerson's Discrete Automation segment, cementing its commitment to innovation and excellence.

Ram Krishnan, chief operating officer of Emerson, said: Afag brings exciting technology that will enable Emerson to accelerate growth in our existing $900 million factory automation business. As discrete and hybrid customers continue to accelerate electrification across their manufacturing processes, Afag’s technology is ideally suited to provide improved energy efficiency and performance gains. We look forward to combining Afag’s motion capabilities with our existing pneumatic leadership, creating a unique and differentiated solution for our customers. Afag and its employees will play an important role in enhancing Emerson’s strength and innovation in factory automation.

Adrian Fuchser, chief executive officer of Afag, said: We are excited to join Emerson and build on its existing factory automation leadership, while further expanding our global reach. Our customers rely on Afag for essential, customized systems and we are energized by this opportunity to create a more comprehensive and holistic solution for their motion needs. We share Emerson’s vision of providing complete solutions in essential industries and we look forward to driving continued success as part of Emerson.