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M&A Deal Summary

Crane Acquires Westlock Controls

On May 1, 2017, Crane acquired electrical equipment company Westlock Controls from Emerson

Acquisition Highlights
  • This is Crane’s 2nd transaction in the Electrical Equipment sector.
  • This is Crane’s 16th transaction in the United States.
  • This is Crane’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2017-05-01
Target Westlock Controls
Sector Electrical Equipment
Buyer(s) Crane
Sellers(s) Emerson
Deal Type Divestiture

Target

Westlock Controls

Saddle Brook, New Jersey, United States
Westlock Controls Corp. engages in the manufacturing and sale of switchboxes, position transmitters and other solutions for networking, monitoring and controlling process valves. With primary operations located in Saddle Brook, New Jersey.

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Buyer(S) 1

Buyer

Crane

Stamford, Connecticut, United States
Category Company
Founded 1855
Sector Machinery
Employees7,300
Revenue 2.1B USD (2024)
DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 23 of 27
Sector: Electrical Equipment M&A 2 of 2
Type: Divestiture M&A Deals 7 of 8
State: New Jersey M&A 2 of 2
Country: United States M&A 16 of 19
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-11 MEI Conlux Holdings

Malvern, Pennsylvania, United States

MEI is a provider of coin recognition technology for vending machines.

Buy $804M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Crane Currency

Dalton, Massachusetts, United States

Crane & Co., Inc. is a provider of an advanced micro-optic security technology, and a fully integrated supplier of secure and highly engineered banknotes for central banks all over the world. Crane & Co was founded in 1801 and is based in Dalton, Massachusetts.

Buy $800M

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees73,000
Revenue 17.5B USD (2024)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 18 of 27
Sector: Electrical Equipment M&A 8 of 9
Type: Divestiture M&A Deals 17 of 25
State: New Jersey M&A 1 of 1
Country: United States M&A 15 of 24
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Emerson Electric Co. - Motors Drives and Electric Power Generation Businesses

St. Louis, Missouri, United States

Emerson Electric Co. - Motors, Drives and Electric Power Generation Businesses is a provider of electrical equipment in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 MYNAH Technologies

Chesterfield, Missouri, United States

MYNAH Technologies LLC is a provider of dynamic process simulation and industrial ethernet solutions. MYNAH Technologies LLC was established in 2002 and is headquartered in Chesterfield, Missouri.

Buy -
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