Emerson acquires Mita-Teknik A/S
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Emerson acquires Mita-Teknik A/S

M&A
Lundgrens is pleased to have assisted the founding family owners of Mita-Teknik A/S in their exit of the company to US public listed Emerson (NASDAQ: EMR).

Mita-Teknik has been in the business of control automation since 1969, and in wind since the early 1980s. Mita-Teknik employs 250 employees worldwide and has delivered more than 60,000 high-performance control systems for setups in demanding environments around the world. Mita-Teknik delivers everything from single components to complete control solutions and offers a unique level of different services from divisions in Denmark, China, and Ukraine into 47 different markets.

Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets. Emerson has approximately 83,500 employees and 200 manufacturing locations.

In a press release, Jesper Andersen, chairman of the Board of Mika-Teknik, says: “We are proud to be joining Emerson, a company with global reach and proven track record of success in delivering sustainable solutions. We are excited to pair our wind energy market presence with Emerson’s reputation and reach to expand our ability to serve customers in the global, emerging retrofit market.”