Emerson (NYSE: EMR) is expanding its digital portfolio with the acquisition of GeoFields Inc., a global supplier of pipeline solutions software, the St. Louis, Mo.-based company said Oct. 10.
GeoFields software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis and prioritize pipeline integrity-related maintenance and asset management activities. The company is headquartered in Atlanta, with a regional office in Houston.
Emerson said it expects the acquisition of GeoFields to further its position as a “comprehensive solutions provider for pipeline operations management.” Terms of the transaction were not disclosed.
“Expanding our digital portfolio with the GeoFields software and services for pipeline integrity management enables us to bring proactive asset reliability solutions to our customers,” Mike Train, executive president of Emerson Automation Solutions, said in a statement. “By combining GeoFields with our existing Plantweb digital ecosystem offerings and maintaining our focus on innovation and consulting, we can help customers maximize the value of their investments, ensure greater regulatory compliance and reduce risk associated with costly releases and safety incidents.”
Emerson’s portfolio of pipeline solutions for the oil and gas industry includes pipeline and terminal enterprise commercial management solutions, operations management software, pipeline modeling and leak detection, SCADA systems, corrosion and erosion monitoring, valve and control solutions, flow metering and measurement technologies, according to the company press release.