Addition of leading hydroelectric turbine controls company builds on Emerson’s renewable energy capabilities and supports customer sustainability strategies
Emerson (NYSE: EMR) today announced it has completed the purchase of American Governor Company, a leader in technologies and services for hydroelectric turbine controls. The addition of American Governor builds on Emerson’s technology capabilities and expertise in the renewables and power industry.
Hydropower, the world’s largest source of renewable electricity, is generated by water running through turbines. American Governor’s solutions expertly control hydroelectric turbines, enabling utilities to provide reliable power generation that is highly responsive to the dynamic needs of the electrical grid.
"As the power industry builds on its renewables focus, having the right tools to effectively harness this natural energy is critical," said Bob Yeager, president of Emerson’s power & water solutions business. "This important addition of a highly-respected hydropower company will enable us to provide comprehensive solutions to our power customers, from generating consistent hydropower to providing the industry’s leading control system to safely and efficiently manage power operations."
The power industry is increasingly seeking opportunities to introduce digital transformation technologies to help predict, manage and control electricity generation coming from disparate sources. American Governor’s digital governor controllers, which complement Emerson’s industry-leading Ovation distributed control system and RX3i programmable automation controllers, are helping the industry realize the benefits of digital transformation for more efficient, safe and reliable operations.
American Governor has an industry-leading hydropower solutions presence, with a global footprint exceeding 1,500 customer locations, and offers robust aftermarket capabilities with advanced customer service and training programs. American Governor is headquartered near Philadelphia and has about 50 employees.
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 & 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 Emerson.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" 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 the outcome and ultimate impact of the review referred to herein, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
Investor Contact: Pete Lilly (314) 553-2217
Media Contact: Casey Murphy (314) 982-6220