Acquisition will expand storage-tank solutions for oil and gas, petrochemical, and chemical industries
Industrial engineer Emerson (NYSE: EMR) announced Friday it acquired oil and gas industry regulator-technology specialist Enardo. Terms were not disclosed.
Enardo, which manufactures tank and terminal safety equipment, including hatches, vent, pressure and vacuum relief valves, and flame arrestors, will be added to Emerson's process management business.
Noting the company's reputation for quality, Emerson Process Management President Steve Sonnenberg said in the press release, "Enardo's expertise in tank vapor controls applications is highly complementary with our industry-leading regulator technologies portfolio, including our Fisher Regulator product line." He added the acquisition will extend Emerson's "expertise and capabilities in the upstream and downstream markets."
Emerson Process Management makes pressure regulators, relief valves, and related products for controlling pressure and flow of industrial gas and liquids, natural gas, and propane gas.
Enardo had approximately $65 million in sales in 2012 and employs 140 people at its headquarters and operations in Tulsa, Okla.