Emerson announced Wednesday that it has acquired Belgian manufacturer Advanced Engineering Valves. Terms of the deal were not disclosed.
A.E. Valves produces valve technology used in the liquefied natural gas, petrochemical and chemical industries, according to a press release.
It’s the second international acquisition unveiled in three days by Emerson, the Ferguson-based technology and engineering company. Previously, Emerson announced a deal for iSolutions Inc., a Canadian data management company.
Lal Karsanbhai, Emerson Automation Solutions executive president, said the E.V. Valves deal will help Emerson provide more value to its customers in the delivery of liquefied natural gas.
“Our expanded portfolio of leading valve technology will help customers unlock greater capital efficiency and asset productivity as they embark on a wave of investment to meet rising global energy demand,” Karsanbhai said in the release.
Emerson reported net earnings of $2.2 billion for the fiscal year ending Sept. 30. The company has funded that same amount in acquisitions in 2018.