Emerson Evaluating Strategic Alternatives for its Power Transmission Solutions Business
Emerson announced that it is evaluating strategic alternatives for its Power Transmission Solutions business unit, which is currently part of its Industrial Automation business. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value, which may include adding or divesting operations, according to the announcement. The resulting plans for the business are expected to be determined and announced by the end of the calendar year.
With 2013 revenue of more than $600 million, the Power Transmission Solutions business is based in Florence, Ky., and has more than 3,000 employees around the world. The business designs and manufacturers couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions, with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, SealMaster, and System Plast.
