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Friday, July 11, 2008 |
Just finished up several intensive days of meetings. Now, ready to blog again. And, it's with another industry acquisition. Emerson has acquired TopWorx. Terms of the deal were not disclosed. TopWorx becomes part of Emerson Process Management expanding its valve instrument offering and "extending the reach of Emerson's PlantWeb digital plant architecture to on/off valves and other instruments."
Headquartered in Louisville, Kentucky, TopWorx manufactures industrial sensors and controls which monitor and control automated valves and other field devices. TopWorx Valvetop discrete valve controllers connect on/off valves to a variety of fieldbus networking protocols, and GO Switch leverless limit switches provide reliable position sensing in harsh environments and tough applications. The company has additional locations in the United Kingdom, Singapore, and South Africa.
"TopWorx is a strong and growing business that is highly valued by its customers," said John Berra, president, Emerson Process Management. "The acquisition gives us a quick and significant entry into the discrete instrumentation market, and is highly complementary to our existing valve, valve automation, and instrument businesses. TopWorx will extend the benefits of our PlantWeb digital plant architecture, and enable us to provide a complete valve instrument portfolio, both wired and wireless."
3:38:57 PM 
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Rex Hammock posted a blog entry about the dangers of having a "fixed mind set." He quotes Carol Dweck and if you haven't read her book on mind set, you've missed something. The premise is that some people have a closed mind set that assumes they've reached their maximum growth. Other people see life as a continuing opportunity for growth and development. I've always been the latter. What about you?
(thought I posted this July 9, but it's lost in the Ether)
3:37:22 PM
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Anyone see my posts from 7/9? They seem to be missing from my application. That's a bummer.
Company news--see in The New York Times that GE is considering spinning off GE Industrial along with GE Appliance in a move to focus the old portfolio and boost stock price. Given the status of my investments--Go GE :-) I do wonder about the eventual impact on GE Fanuc, part of GE Industrial. If it's a spin off, will there be money for investment? Or if they sell, will the buyer need to squeeze things to pay off the purchase price? Only time will tell.
Also, this Chicago Tribune article discusses the Dow purchase of Rohm & Haas. A little more consolidation in the chemicals business.
1:20:03 PM
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© Copyright 2008 Gary Mintchell.
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