Emerson acquires Fisher Sanmar for $135m
Full ownership taken as Emerson looks to expand Indian operations
Emerson has announced that it has acquired full ownership of its Fisher Sanmar Limited joint venture for $135m, in a move to expand the capabilities of Emerson Process Management in India.
The company, which is expected to be renamed Emerson Process Chenai Pvt Ltd, is also to expand sales, service and industry coverage of Emerson Process Management in India. Terry Buzbee, president of Emerson Process Management’s Fisher business, said: “We have had a very productive partnership with Sanmar. Over the last 18 years, they have established many excellent customer relationships and built a strong foundation, and this acquisition strengthens Emerson Process Management’s presence in India, and extends our ability to serve customers. I am grateful for their leadership and commitment to excellence.”