Emerson to acquire Afag Holding.

Emerson, a global technology and software company, agreed to acquire Afag Holding, a provider of electric linear motion, feeding and handling automation solutions. Financial terms were not disclosed. "We are excited to join Emerson and build on its existing factory automation leadership, while further expanding our global reach. Our customers rely on Afag for essential, customized systems and we are energized by this opportunity to create a more comprehensive and holistic solution for their motion needs. We share Emerson's vision of providing complete solutions in essential industries and we look forward to driving continued success as part of Emerson," Adrian Fuchser, Afag CEO.