Product category:
Valves and manifolds
News Release from: Emerson Process Management
Edited by the Processingtalk Editorial
Team on 09 January 2007
Marine valve and tank management
acquisition
Acquisition of Damcos Holdings further expands the Emerson portfolio of valve automation and marine tank management solutions for the global shipbuilding industry
Emerson has announced it has acquired Damcos Holding from the 3i Group in the UK; Danfoss of Nordborg in Denmark; and the Damcos management team Terms of the agreement were not disclosed
This article was originally published on Processingtalk on 30 Dec 2002 at 8.00am (UK)
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Damcos is a leading supplier of valve remote control systems, tank monitoring equipment, and complete marine tank management solutions to the global marine and offshore markets.
It will immediately become part of the Process Management business of Emerson, complementing their established marine measurement and valve actuation brands, which include the Saab Rosemount TankRadar, and Bettis, El-O-Matic, Hytork, Shafer, and Dantorque valve actuators.
"We are excited about the addition of the Damcos Marine Tank Management products and systems expertise to the Emerson family," said John Berra, president, Emerson Process Management: "This key acquisition further extends our leadership in process control products and services into the marine and shipbuilding industry." Founded in 1960 and based in Naestved, Denmark, Damcos became a leading supplier of hydraulic equipment for the local marine shipbuilding industry.
Since the early 1990s, the company has developed into a leading, global supplier of marine actuators and integrated marine tank management solutions.
Since 2004, Damcos has had a strategic partnership with Emerson to sell Saab Rosemount TankRadar systems to the tanker market.
Damcos has production facilities in Naestved; Ry, Denmark; Busan, South Korea; and Shanghai, China.
The acquisition includes all the Damcos technologies, manufacturing facilities, and employees. Request free introductory details about products from Emerson Process Management ...
"We are very excited to be part of Emerson Process Management," said Ove Soerensen, president and CEO of Damcos: "Being part of such a successful global player will allow us greater access to marine customers and to new markets that will fuel growth well into the future.".
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