Emerson Acquires Aperture
Aperture's board of directors agrees to acquisition by Emerson
February 26, 2008
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STAMFORD, Conn. -- Aperture, the leading global provider of software for managing the physical infrastructure of data centers, today announced that after careful consideration, Apertures board of directors has agreed in principle to Emerson’s offer to acquire 100% of Aperture’s share capital. The acquisition will become final once all Aperture shareholders have agreed to its terms.
The financial terms of the agreement will not be disclosed.
Emerson (NYSE:EMR) is a diversified global technology company that provides a wide range of products and services for a broad variety of industries and markets. Emerson has approximately 140,000 employees and 265 manufacturing locations worldwide. Its 2007 revenue was $22.6 billion.
Aperture will become a division of Emerson Network Power, an Emerson business platform with annual revenues of approximately $5.2 billion. It is the world leader in delivering flexible, efficient and ultra-reliable solutions that support business-critical technology systems. The company’s Liebert-branded power, cooling and monitoring products and services are among the most trusted technologies for critical data center applications.
The addition of Aperture to Emerson Network Power’s portfolio will complement and enhance Emerson’s Liebert product line. As the physical infrastructure of data centers become rapidly more complex, driven by increasing demand for power and cooling coupled with technology advancements in IT hardware, the combination of the Aperture VISTA® products and the Liebert critical power, cooling and monitoring technologies supplied by Emerson, will enable data center professionals to manage that complexity more easily. By implementing tools and technologies that help them better understand the dynamics of the data center infrastructure, data center management will be better able to control these critical operations and thus increase the availability of business-critical systems.“Emerson is a highly respected global company with an outstanding pedigree in data center technology solutions,” said Bill Clifford, CEO, Aperture. “We would not have agreed to the acquisition if we did not genuinely feel that the combined company would be able to deliver significant value to our employees and to our joint customer base. Together we will also be able to address new markets, such as the emerging demand among small and mid-size data centers for more sophisticated management solutions.”
Aperture Technologies Inc.
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