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Columbus McKinnon Corporation, a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced that the Company has executed a definitive agreement to acquire Garvey Corporation (“Garvey”) for $74 million. The Company plans on financing the acquisition by borrowing $75 million utilizing the accordion option under its existing Term Loan B. The transaction is expected to close before the end of 2021. The additional borrowings are Read more...
Emerson: Emerson has introduced a new Class A, IO-Link master that provides customers with a cost-effective solution for smart and analog sensor connectivity on the AVENTICS™ Series G3 Fieldbus platform. The G3 IO-Link Master is suitable for machine architectures with many sensors and pneumatic valves, and where it’s important to have reliable digital data communication between field devices, such as sensors and the machine controller. Application areas include automotive, Read more...
Emerson: Emerson today launched its AVENTICSTM Series XV pneumatic valves. Series XV valves are designed with interoperability in mind to provide machine builders across multiple industries and factory automation applications with a flexible and cost-effective valve platform. The new valves are ideal for machine builders and end users that operate across the globe, with universal threads and other features that support regional standards and global availability. Series XV valves pro Read more...
