Emerson to acquire Avocent
This agreement will broaden Emerson's data center management capabilities to the tune of $1.2 billion.
Source: Emerson -- Consulting-Specifying Engineer, 10/7/2009 9:23:31 AM
St. Louis-based Emerson and Avocent Corp. have announced they have reached agreement for Emerson to acquire Avocent, a transaction that will further Emerson's ability to deliver total infrastructure management solutions to its data center customers around the world. The Avocent Board of Directors unanimously endorsed the terms of an all-cash tender offer of $25 per share, or approximately $1.2 billion. The purchase is expected to close around Jan. 1, 2010, pending customary regulatory approvals and acceptance of the offer by Avocent stockholders holding a majority of Avocent shares.
Headquartered in Huntsville, Ala., Avocent recorded sales in 2008 of $657 million. With global manufacturing, research and development and sales operations, nearly 50% of Avocent's 2008 revenues came from outside the United States.
The agreement extends the integrated solutions Emerson provides to data center managers and creates significant opportunities for growth. Avocent blends hardware, software, and embedded technologies in a unified platform that simplifies monitoring, managing, and problem solving in any size data center.
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