In an all-cash deal, Emerson Electric Co. of St. Louis said it has acquired Mita-Teknik, a leader in the control automation business for wind power generation, equipping wind turbines and wind farms with technologies.
Financial details were not announced.
“This acquisition is highly complementary to Emerson’s existing control system portfolio and supports the company’s ability to help customers in their quest to digitally transform operations and meet sustainability goals,” Emerson said.
Denmark-based Mita-Teknik’s proprietary controls manage wind turbine operation, and its control software optimizes wind farm output to provide the lowest-cost source of energy, the company said.
In addition to Mita-Teknik’s full portfolio of OEM technologies, they serve the fast-growing aftermarket segment by offering “cost-competitive retrofit solutions that extend turbine operational life and increase annual energy production,” according to Emerson.
“Digitalization is critical for the renewable industry sector as power generators increasingly seek improved visibility and maintainability of their systems,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “Our world-class power generation capabilities, now amplified by Mita-Teknik’s renewable expertise and technologies, will help power customers accelerate their digital transformation journey to smarter, more sustainable operations.”