St. Louis, MO – Emerson says it is “evaluating strategic alternatives” for its Power Transmission Solutions business unit. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value, which may include adding or divesting operations. The resulting plans for the business are expected to be determined and announced by the end of 2014. Today, an insider, who asked not to be named, told MRO Magazine that the unit is “currently in the process of being sold.”
Currently part of Emerson’s Industrial Automation business, with 2013 revenue of more than US$600 million, the Power Transmission Solutions business is based in Florence, KY, and has over 3,000 employees around the world. The business designs and manufacturers couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions, with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, SealMaster and System Plast.
Emerson comprises five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2013 were $24.7 billion. For more information, visit www.emerson.com.