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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric Co.    EMR

EMERSON ELECTRIC CO.

(EMR)
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Emerson Electric : Aperture's Board of Directors Agrees to Acquisition by Emerson

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02/25/2008 | 10:44am EDT

STAMFORD, Conn., Feb. 25 /PRNewswire/ -- Aperture, the leading global provider of software for managing the physical infrastructure of data centers, today announced that after careful consideration, Aperture's 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(R) 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."

"During its 20-year history, Aperture has built up an impressive reputation as a trusted vendor of highly reliable and innovative data center infrastructure management solutions," said Bob Bauer, Group Vice President, Emerson. "Aperture's vendor-independent VISTA products and its strong business relationship with IT decision-makers will help us to expand the Liebert brand presence into IT operations and better serve IT managers' data center needs. On behalf of everyone at Emerson I am very much looking forward to working with Aperture to continue to develop and deliver its world-leading technologies and services."

Following the acquisition, Aperture will continue to operate as an autonomous business division of Emerson Network Power. Bill Clifford will remain as president of the Aperture division of Emerson.

About Aperture

Aperture is the leading global provider of software for managing the physical infrastructure of data centers. Aperture's solutions reduce operational risk and improve efficiency through the planning and management of data center resources and real-time monitoring of the environment. Aperture delivers the best practice processes that enable organizations to take control of an increasingly complex physical infrastructure including equipment, space, power, cooling, network and storage.

With over 20 years of experience, Aperture provides organizations with the information required to optimize their data center operations, delivering better services at the lowest cost. Aperture's customers include the world's largest companies, half of which are Fortune 1000 and Global 500 organizations.

For more information, please go to: http://www.aperture.com

About Emerson

Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2007 were $22.6 billion. For more information, visit http://www.emerson.com.

SOURCE Aperture Technologies, Inc.


© PRNewswire 2008
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