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Emerson Accelerates Factory Automation Capabilities With Agreement to Acquire Afag
August 18, 2023
ST. LOUIS, Missouri, Aug. 18 -- Emerson Electric, a technology and engineering company that provides solutions for customers in industrial, commercial and residential markets, issued the following news on Aug. 17, 2023:

Emerson (NYSE: EMR) today announced a definitive agreement to acquire Afag Holding AG ("Afag"), an innovative leader in electric linear motion, feeding and handling automation solutions.

Headquartered in Zell, Switzerland, Afag brings state-of- . . .

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