Emerson (NYSE: EMR) has agreed to acquire U.K.-based Permasense Ltd., a provider of non-intrusive corrosion monitoring technologies for offshore and onshore oil production as well as the refining, chemical, power, pipelines, metals and mining and other industries, a news release said.
The acquisition represents another step in Emerson’s strategy to invest in its core business platforms and expand in markets with significant long-term growth opportunity, U.S.-based Emerson said in the release.
Permasense monitoring systems use unique battery-powered sensor technology, wireless data delivery and advanced analytics to continuously monitor for metal loss from corrosion or erosion in pipes, pipelines or vessels, and deliver data. The Permasense product line will become part of Emerson’s Rosemount portfolio of measurement and analytical technologies, according to the release.
Recommended Reading
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
Antero Midstream Buys Summit Midstream Assets in $70M Deal
2024-05-03 - The deal by Antero Midstream strengthens Antero Resources’ gathering and compression in Marcellus Shale.
NSTA Offers 31 More Licenses in Latest Licensing Round
2024-05-03 - The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Occidental Explores Sale of Permian Assets Worth Over $1B, Sources Say
2024-05-03 - Occidental Petroleum is exploring a sale of assets in the Barilla Draw region of Texas, which is located within the Delaware portion of the Permian Basin.