Emerson Acquires GeoFields, Inc.
Global software supplier expands Emerson’s expertise in pipeline
solutions for oil and gas industry
Emerson (NYSE:EMR) has acquired GeoFields, Inc., a leading global
supplier of software and implementation services for pipeline integrity
data collection, management and risk analysis for the oil and gas
industry. GeoFields software enables pipeline operators to collect
critical integrity data, perform risk modeling and high consequence area
(HCA) risk analysis and prioritize pipeline integrity-related
maintenance and asset management activities. Terms of the acquisition
were not disclosed.
The acquisition of GeoFields helps to further position Emerson as a
comprehensive solutions provider for pipeline operations management.
Emerson’s extensive portfolio of pipeline solutions for the oil and gas
industry includes pipeline and terminal enterprise commercial management
solutions, operations management software, pipeline modeling and leak
detection, SCADA systems, corrosion and erosion monitoring, valve and
control solutions, flow metering and measurement technologies.
“Expanding our digital portfolio with the GeoFields software and
services for pipeline integrity management enables us to bring proactive
asset reliability solutions to our customers,” said Mike Train,
executive president of Emerson Automation Solutions. “By combining
GeoFields with our existing Plantweb digital ecosystem offerings and
maintaining our focus on innovation and consulting, we can help
customers maximize the value of their investments, ensure greater
regulatory compliance and reduce risk associated with costly releases
and safety incidents.”
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a
global technology and engineering company providing innovative solutions
for customers in industrial, commercial, and residential markets. Our
Emerson Automation Solutions business helps process, hybrid, and
discrete manufacturers maximize production, protect personnel and the
environment while optimizing their energy and operating costs. Our
Emerson Commercial and Residential Solutions business helps ensure human
comfort and health, protect food quality and safety, advance energy
efficiency, and create sustainable infrastructure. For more information
visit Emerson.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be
“forward-looking” statements, which involve risks and uncertainties, and
Emerson undertakes no obligation to update any such statements to
reflect later developments. These risks and uncertainties include
economic and currency conditions, market demand, pricing, protection of
intellectual property, and competitive and technological factors, among
others, as set forth in Emerson’s most recent Annual Report on Form 10-K
and subsequent reports filed with the SEC.
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Copyright Business Wire 2017
Source: Business Wire
(October 10, 2017 - 4:05 PM EDT)
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