- Emerson Electric Co (NYSE:EMR) has acquired Mita-Teknik in an all-cash transaction. Financial terms were not disclosed.
- Denmark-based Mita-Teknik provides software and technologies for wind turbine control, pitch control, wind park control, condition monitoring, communication networks, and grid connections.
- More than 60,000 wind turbines worldwide are controlled and monitored by Mita-Teknik’s solutions.
- The acquisition expands Emerson’s capabilities within the wind power generation market.
- Emerson Electric held $2.35 billion in cash and equivalents as of September 30, 2021.
- Price Action: EMR shares traded higher by 1.76% at $94.35 on the last check Thursday.
Can Apple Overcome Weak Demand For iPhone SE And Supply Disruptions For Its Other Products?
As some parts of China went into lockdowns, Apple Inc.'s (NASDAQ: AAPL) supply chain partners had to shutter operations. This has engendered fears regarding whether the tech giant can produce enough to meet surging demand for its hardware products.
