{"id":511677,"date":"2021-07-12T08:03:35","date_gmt":"2021-07-12T12:03:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/emerson-to-sell-daniel-measurement-and-control-business-to-turnspire-capital-partners\/"},"modified":"2021-07-12T08:03:35","modified_gmt":"2021-07-12T12:03:35","slug":"emerson-to-sell-daniel-measurement-and-control-business-to-turnspire-capital-partners","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/emerson-to-sell-daniel-measurement-and-control-business-to-turnspire-capital-partners\/","title":{"rendered":"Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners<\/b><\/p>\n<p>ST. LOUIS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEmerson (NYSE: EMR) today announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel\u2019s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction.\n<\/p>\n<p>\nDaniel has been a global leader providing fiscal flow and energy measurement to the oil and gas industry for more than 85 years. This sale demonstrates Emerson\u2019s strategic priority to focus its portfolio and management attention on data-rich, software-enabled technologies in diversified and high growth end markets.\n<\/p>\n<p>\nThe transaction is expected to close in Emerson\u2019s 2021 fiscal year and includes all of Daniel\u2019s brand rights, facilities, intellectual property and personnel. Emerson will work closely with Turnspire to ensure a smooth transition for customers and employees.\n<\/p>\n<p><b>About Emerson<br \/>\n<br \/><\/b>Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial &amp; Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.emerson.com%2Fen-us&amp;esheet=52457660&amp;newsitemid=20210712005405&amp;lan=en-US&amp;anchor=Emerson.com&amp;index=1&amp;md5=ef2e0264300752e249336478c68a2946\">Emerson.com<\/a>.\n<\/p>\n<p><b>About Turnspire Capital Partners<br \/>\n<br \/><\/b>Turnspire Capital Partners invests in high-quality businesses that have reached strategic, financial or operational inflection points and stand to benefit from our hands-on, operationally focused approach. Turnspire\u2019s investment philosophy is predicated on creating value through operational improvements rather than through financial leverage. Turnspire strives to make each of its companies best-in-class in their respective industry niches, and subsequently to grow the businesses through organic initiatives or strategic acquisitions. For additional information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.turnspirecap.com&amp;esheet=52457660&amp;newsitemid=20210712005405&amp;lan=en-US&amp;anchor=www.turnspirecap.com&amp;index=2&amp;md5=9213b8cbe862c1378f59907cbd08da70\">www.turnspirecap.com<\/a>.\n<\/p>\n<p><b>Forward-Looking and Cautionary Statements<br \/>\n<br \/><\/b>Statements in this press release that are not strictly historical may be \u201cforward-looking\u201d statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include our ability to complete the embedded computing and power transaction, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in the Company&#8217;s most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210712005405r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210712005405\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210712005405\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contact: Colleen Mettler (314) 553-2197<br \/>\n<br \/>Media Contact: Casey Murphy (314) 982-6220\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Missouri<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Engineering Oil\/Gas Manufacturing Software Energy Hardware Electronic Design Automation Data Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210712005405\/en\/1073272\/3\/Emerson_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners ST. LOUIS&#8211;(BUSINESS WIRE)&#8211; Emerson (NYSE: EMR) today announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel\u2019s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction. Daniel has been a global leader providing fiscal flow and energy measurement to the oil and gas industry for more than 85 years. This sale demonstrates Emerson\u2019s strategic priority to focus its portfolio and management attention on data-rich, software-enabled technologies in diversified and high growth end markets. The transaction is expected to close in Emerson\u2019s 2021 fiscal year and includes all of Daniel\u2019s brand rights, facilities, intellectual property and personnel. Emerson will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/emerson-to-sell-daniel-measurement-and-control-business-to-turnspire-capital-partners\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-511677","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/emerson-to-sell-daniel-measurement-and-control-business-to-turnspire-capital-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Emerson to Sell Daniel Measurement and Control Business to Turnspire Capital Partners ST. LOUIS&#8211;(BUSINESS WIRE)&#8211; Emerson (NYSE: EMR) today announced an agreement to sell its Daniel Measurement and Control Business to Turnspire Capital Partners. Daniel\u2019s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction. Daniel has been a global leader providing fiscal flow and energy measurement to the oil and gas industry for more than 85 years. This sale demonstrates Emerson\u2019s strategic priority to focus its portfolio and management attention on data-rich, software-enabled technologies in diversified and high growth end markets. The transaction is expected to close in Emerson\u2019s 2021 fiscal year and includes all of Daniel\u2019s brand rights, facilities, intellectual property and personnel. 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