Reuters: Mergers News: Emerson buys a Johnson Controls transport business

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Emerson buys a Johnson Controls transport business Apr 2nd 2012, 12:29 NEW YORK, April 2 | Mon Apr 2, 2012 8:29am EDT NEW YORK, April 2 (Reuters) - Industrial conglomerate Emerson Electric Co. will expand its climate technologies operations with the purchase of a marine container and boiler business from Johnson Controls Inc, Emerson said on Monday. Terms were not disclosed. The Denmark-based unit supplies controls for refrigerated sea containers and systems to monitor large groups of containers on ships or in ports so food and other products don't spoil. A central monitoring server connects some 2,200 ships and more than 650,000 shipping containers. Johnson controls will retain other businesses within its marine and navy unit.

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