St. Louis, August 30, 2016 ‒ Emerson (NYSE: EMR) is extending the company’s long-time presence and leadership in “cold chain” management with the acquisitions of Locus Traxx and PakSense. These investments in cargo solutions allow Emerson to provide consistent and safe control of food and other temperature-sensitive goods.
“The addition of Locus Traxx and PakSense to our portfolio strongly positions Emerson to address the high-stakes challenges faced by end-users in the agriculture, transport and retail industries to keep their products fresh, while helping them drive incremental growth,” said Bob Sharp, Executive Vice President and Commercial & Residential Solutions Business Leader, Emerson. “This investment in innovation and technologies in fresh food monitoring demonstrates how we are transforming Emerson to meet the evolving needs of our customers.”
PakSense, headquartered in Boise, Idaho, offers a full complement of temperature monitoring solutions fitting a wide range of shipments and cost/benefit scenarios that monitor the condition of perishable goods through the supply chain, so that only the freshest and safest products reach consumers.
“With these acquisitions, we are expanding our leadership in helping growers, food processors, shippers, retailers and others to improve temperature controls, product quality and cargo monitoring throughout the supply chain,” said Mark Dunson, Group Vice President, Electronics & Solutions, Emerson. “These expanded capabilities also help customers meet regulatory requirements for food quality and safety and reduce global waste,” he added.
Emerson, already a leader in serving the global container shipping and food retail industries, will include Locus Traxx and PakSense in a newly formed business focused on cargo-based solutions.
“This is a strong growth market for Emerson,” Sharp added. “Providing this more expansive solution that covers the whole fresh food process from grower to retailer is another example of how we are focusing the company to be stronger, faster and more nimble for our customers.”
Emerson is a long-time partner with the world’s leading shipping companies, trucking lines and refrigerated container manufacturers, providing advanced technology and services to ensure the integrity of cold chain assets. The company currently supplies the latest innovations in remote monitoring services to 17,000 food retail sites globally, and has integrated its monitoring technologies within 2,000 vessels in the last ten years.
Terms of the acquisitions were not disclosed.
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion. For more information, visit Emerson.com.
About Emerson Climate Technologies
Emerson Climate Technologies, a business segment of Emerson, is the world’s leading provider of heating, air conditioning and refrigeration solutions for residential, industrial and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, educational and monitoring services to provide customized, integrated climate-control solutions for customers worldwide. The innovative solutions of Emerson Climate Technologies, which include industry-leading brands such as Copeland Scroll™ and White-Rodgers™, improve human comfort, safeguard food and protect the environment. For more information, visit EmersonClimate.com.
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