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.
About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.
If you don't see your comment after publishing it, refresh the page.
Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.
If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.