Emerson Electric Acquires Kenonic Controls Ltd.
Kenonic specializes in providing engineering services, project execution, and industry knowledge in the areas of hydrocarbons and energy, which will further expand the capabilities of Emerson's Performance Solutions division in providing an extensive range of services to dramatically improve the operational performance of industrial and process customers.
Terms of the agreement were not disclosed.
"Kenonic will serve as Emerson's Hydrocarbon and Energy Center of Excellence, joining a number of other recently formed Centers and further expanding our capabilities as a primary automation partner," said John Berra, senior vice president of Emerson Electric Co. "Through these Centers, we are helping customers improve asset utilization by leveraging people, technology, and partnerships."
Kenonic provides complete life cycle consulting, engineering, implementation, and maintenance services in the areas of:
Kenonic's 300-plus employees serve the oil and gas, hydrocarbon processing, pipeline, electric utility, water utility, and manufacturing industries. Kenonic enjoys a 28-year track record for reliability and leadership in its field, and operates in the United States, Canada, and around the world.
Ken Netzel, CEO of Kenonic said, "The synergies between our organizations will create completely new capabilities to improve customers' business performance. Together, we are changing the nature of the automation business."
Jim Nyquist, president of Emerson Performance Solutions said that Kenonic Controls has excellent people who operate with cutting-edge technology and management methodologies. "Kenonic's services enable enterprises to operate in real time from the field to the boardroom. We will provide even greater value to customers by leveraging the applications knowledge of Kenonic Controls with the sales-channel coverage and product capabilities of Emerson," Nyquist said.
Headquartered in Austin, TX, the Emerson Performance Solutions division offers solutions directly through its 2,200 service and engineering professionals. In addition, Emerson Performance Solutions works closely with the Emerson global sales networks such as Fisher-Rosemount, Westinghouse Process Controls, Liebert and Intellution.
Edited by David Nakamura