Industry News

Industrial mergers and acquisitions: Emerson, DuPont, Exxon Mobil, and more

Aug. 25, 2023

In this business roundup, learn how companies are buying and selling their way to more efficient operations.

As companies strive to become more optimized and improve profitability, they often use various business strategies to stay competitive, including mergers and acquisitions. Like other industries, many manufacturers and service providers choose to increase business by buying or combining with other companies. Here are a few recent mergers and acquisitions that are poised to change the industry.

Emerson agrees to acquire FLEXIM
FLEXIM, which specializes in clamp-on ultrasonic flow measurement technologies, has an installed base of more than 100,000 flowmeters and nearly 450 employees.
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DuPont plans to sell 80.1% ownership interest in Delrin
TJC LP will purchase the Delrin acetal homopolymer business for $1.8 billion, and the deal is expected to close by the end of the year.
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Exxon Mobil Corporation to acquire Denbury Inc. for $4.9 billion
Denbury provides carbon capture, utilization and storage (CCS) solutions, and this acquisition will hopefully strengthen ExxonMobil’s Low Carbon Solutions business.
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Hexagon AB completes purchase of CADS Additive GmbH
CADS Additive’s specialized software simplifies the process of 3D printing on powder bed fusion (PBF) machines and aids companies in preparing their designs for metal additive manufacturing.
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ABB completes the divestment of Power Conversion to AcBel Polytech Inc.
ABB’s Power Conversion division generated $440 million in revenue in 2022 and employs approximately 1,500 workers across the world.
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IFS to purchase Poka, Inc
Poka’s connected worker platform enables factory and field workers to be more efficient and enables businesses to measure productivity across machinery and operators globally.
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Abrasive Technology LLC to acquire Precision Swiss LLC
The manufacturer of super abrasive products announced its intent to purchase the swiss machining and milling company.
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Emerson announces Afag Holding AG acquisition
The purchase will bring together Afag's electric linear motion solutions with Emerson's pneumatic motion technology.
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About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector.