The giant Emerson company of the United States has joined the high-tech parade t Israel and has bought the Israeli start-up Israel’s privately-held APM Automation Solutions, for tens of millions of dollars. APM’s operations will remain in Israel, where Emerson will set to a research and development center in Israel.
APM has developed solids volume and level measurement instrumentation and will now be part of the Emerson Process Management business. APM’s acoustic imaging and 3D mapping technologies measure the level, volume and mass of bulk solids and powders stored inside a silo or open bin.
Emerson’s market cap is $48 billion with annual sales of $24.4 billion in 150 countries.
“This is the Apple of the computing and control industry,” said APM co-founder Ofir Perl, who said that Emerson will hire dozens of employees in Israel.Jewish Press News Briefs
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