Checking messages on the way up here, I see that Emerson continues to expand its process portfolio through yet another acquisition. Executives told me to expect a number this year, and they weren't leading me on.
Emerson has acquired Roxar ASA. According to the release from Emerson, the deal creates the world's first integrated automation solutions company whose products span from subsea oil and gas reservoirs, to platform and floating production, to transmission, and ultimately through refining and production of goods. Roxar becomes part of Emerson Process Management, adding subsea reservoir management and production optimization for global upstream exploration and production (E&P) customers.
Headquartered in Stavanger, Norway, Roxar has annual revenue of US$200 million. It has 28 offices in 19 countries with a network of wholly owned offices in Europe, the Americas, Africa, CIS, Asia Pacific and the Middle East. Roxarâo[dot accent]s International customer base includes all of the multinationals, major independents and the majority of national oil companies.
"This acquisition is strategic to extending our solutions to help E&P owners meet the automation challenges of offshore subsea," commented Steve Sonnenberg, president of Emerson Process Management. "Roxar's knowledge, technology and services combine perfectly to expand Emersonâo[dot accent]s solutions."
PlantWeb digital architecture uses intelligent digital networks to create smart platforms, FPSOs, and on-shore facilities. Roxar's products and software systems add major sub-sea capabilities, including smart downhole networks to support E&P owner's growing need for real-time reservoir production optimization and flow assurance.
"Roxar is the upstream industry's largest provider of subsea instrumentation -- a complement to Emersons end-user-voted industry leading instrumentation and valves that power the digital PlantWeb architecture," added Sonnenberg.
"We are excited to join Emerson and bring together our common drive for innovation, complementary products, and customer solutions," commented Gunnar Hviding, CEO and President of Roxar. "Our mission, now supercharged by this union, continues to be one of effectively solving E&P owner's reservoir management problems and helping them maximize production."
2:48:42 PM 
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