FOR IMMEDIATE RELEASE: MAY 20, 2014
Expands Emerson Process Management's Domain Knowledge and Reliability Solutions Portfolio
ST. LOUIS, MO: Emerson Purchases Leading Reliability Consulting Services Firm
Emerson (NYSE: EMR) today announced that it has acquired Management Resources Group, Inc. (MRG), a leading reliability consulting services firm. The acquisition adds the deep asset-reliability consulting expertise of MRG to Emerson Process Management’s existing asset management capabilities to help customers who face growing needs to improve safety, increase plant uptime and reduce maintenance costs. Terms of the transaction were not disclosed.
"Combining MRG’s reliability consulting expertise with Emerson’s monitoring and predictive diagnostic technologies uniquely positions us to help customers solve reliability problems and achieve world-class operating performance," said Jim Nyquist, President of Emerson Process Management Systems and Solutions. "With increasing numbers of customers relying on us as a trusted advisor for our industry domain knowledge and innovative automation solutions, MRG complements and strengthens our leadership position."
Founded in 1987, MRG is a recognized leader in helping process plant owners and operators improve plant availability through successful implementation of site and corporate-wide reliability programs. Well known in the community of process reliability professionals, MRG leverages proprietary project methodologies and deep knowledge for all categories of plant assets.
"MRG has created and nurtured a culture of integrity, service, and thought leadership that has attracted the most experienced, capable and dedicated reliability professionals," said Robert DiStefano, MRG’s founder and Chief Executive Officer. "We are excited to be joining the global Emerson Process Management organization that is committed to similar values and vision."
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of 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.
About Emerson Process Management
Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™, Fisher®, Bettis™, Micro Motion®, Rosemount®, Daniel™, Ovation™ and AMS Suite.
Management Resources Group, Inc. (www.mrgsolutions.com) is a leading professional services company with more than two decades of experience delivering comprehensive, scalable asset management, reliability and asset data integrity services to a diverse group of clients across all process industries.. MRG was represented in the deal by Pacific Crest Securities and Business Law Group, LLC.
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