Turnspire Capital Partners is to buy Emerson’s Daniel Measurement and Control Business, Daniel’s ultrasonic flowmeter and fiscal transfer system businesses are not included in the transaction.
Daniel has been a global provider of fiscal flow and energy measurement to the oil and gas industry for more than 85 years. This sale demonstrates Emerson said that this sale demonstrates its “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’s 2021 fiscal year and includes all of Daniel’s brand rights, facilities, intellectual property, and personnel. Emerson will work closely with Turnspire to ensure a smooth transition for customers and employees.
For more information visit: www.emerson.com