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Leader
in Rack and Enclosure Technologies
for IT and Telecom Markets to
Strengthen Emerson Network Power
Capability and Global Position
ST.
LOUIS-- Jan. 31, 2006--Emerson (NYSE:
EMR) today announced it has acquired
Knurr AG of Munich, Germany, whose
leading enclosure systems for the
telecommunication and data industries
- along with its cooling technologies
- will become part of Emerson Network
Power's broad technology offering.
Emerson will pay
approximately EUR 80 million (including
all debts assumed) for Knurr.
Knurr joins with Emerson Network
Power's industry-leading Liebert®
brand and its recent Cooligy acquisition
to build comprehensive capabilities
in rack solutions, mission-critical
cooling, and systems integration
for data center and telecom sites.
As
power density and damaging heat
levels have grown significantly
in these applications, Emerson Network
Power now delivers the broadest
portfolio of technologies - surpassing
previously available capabilities
- to solve critical cooling issues
at the room, rack, or chip level.
In data centers, Emerson was first
to market with cooling solutions
for extreme density applications
with its Liebert XD™ cooling
platform. Now it is taking proven
technologies from room-level applications
and integrating them into the rack.
Knurr's broad platform of rack systems
will integrate Emerson's cooling
and power management technologies,
helping customers solve problems
in new and existing installations
and giving data center managers
more flexibility in facility design.
"The rack is fast becoming
a critical product on the data center
floor, serving as a platform for
integrating power, cooling, and
information technologies,"
said David N. Farr, Emerson chairman,
chief executive officer and president.
"The addition of Knurr's market-leading
products and technologies supports
our strategy to make the Liebert
Adaptive Architecture™ the
desired standard for IT facilities."
Knurr also designs flexible, cost-effective
enclosure platforms for the telecom
industry, and is serving major telecom
customers with innovative liquid
rack-cooling systems and Advanced
TCA(a)-compliant, extreme-density
cabinets. These cabinets contain
sophisticated power and cooling
technologies, making it possible
to deploy the next generation of
wireless telecom technologies.
Emerson
Network Power is currently the largest
supplier of power for remote telecom
equipment. The cabinet-level solutions
acquired with Marconi's power business
will be further bolstered by adding
Knurr's enclosure capabilities.
Together they make Emerson's DC
Power solutions even more competitive
as carriers continue to invest in
next-generation wireless technologies
and deploy broadband networks.
"With Knurr, we further strengthen
Emerson Network Power's competitive
advantage," said Ed Feeney,
Emerson senior vice president, "helping
customers solve power, cooling,
and monitoring problems for IT or
telecom sites and delivering ready-to-deploy
rack and enclosure solutions - whether
one cabinet or an entire global
enterprise."
Knurr,
headquartered outside of Munich
in Arnstorf, Germany, with sales
in 2005 of approximately EUR 128
million, has manufacturing facilities
in a number of countries in Europe,
as well as in the United States
and South America, and has a sales
and marketing presence in 35 countries.
"We
are excited about the global opportunities
and the synergies created by alignment
with Emerson and with Emerson Network
Power's leading power and precision
cooling technologies," said
Oliver Gosemann, chief executive
officer of Knurr. "We have
worked hard to earn a reputation
for quality and innovation. By coupling
our capabilities with Emerson, we
can offer customers so much more
and we think customers are going
to be excited about what's ahead."
(a)AdvancedTCA is a new series of
industry standard specifications
for next generation carrier grade
communications equipment.
About
Knurr AG:
Knurr
designs, produces and integrates
standardized and customized rack
systems, enclosures, backplanes,
thermal management and power supply
systems, applied components and
functional furnishing systems. Knurr
develops and produces PDUs and socket
strips internally, which enables
each customer-specific requirement
to be implemented. You will find
more information at: www.knuerr.com
About
Emerson Network Power:
Emerson
Network Power, an Emerson business
and the global leader in business
critical continuity, serves the
needs of telecommunications networks,
data centers, health care, and industrial
facilities worldwide with a full
spectrum of reliable power solutions,
including inbound power, connectivity,
power supplies, power systems, and
precision cooling - all backed by
the largest global services organization
in the power industry. For more
information, visit www.emersonnetworkpower.com.
About
Emerson:
Emerson
(NYSE: EMR), based in St. Louis,
is a global leader in bringing technology
and engineering together to provide
innovative solutions to customers
through its network power, process
management, industrial automation,
climate technologies, and appliance
and tools businesses. Sales in fiscal
2005 were $17.3 billion. For more
information, visit www.gotoemerson.com.
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