Earlier today, Emerson Electric Co. (EMR) announced that it has reached an agreement to acquire network equipment technology provider Avocent Corp. (AVCT) for $1.2 billion in cash. Emerson will pay $25 per share for Avocent, which is a 22% premium to Monday’s closing price.  Emerson believes this acquisition will further its ability to deliver total infrastructure management solutions to its data center customers around the world. Avocent has global manufacturing, research and development and sales operations and almost half of its 2008 sales came from outside the U.S.  Emerson generated $2.6 billion in sales (approximately 11% of total revenue) in 2008 from its data center-related operations. The transaction, which is expected to close around Jan 1, 2010, will further expand Emerson’s product offering to data center managers and create significant growth opportunities.  Emerson combines industry knowledge, manufacturing expertise, and technological innovation to offer a ...

Engineering company Emerson (EMR) announced today that it has reached an agreement with Avocent Corporation (AVCT), which provides IT infrastructure management solutions, that will see it acquire... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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Emerson (NYSE: EMR) and Avocent Corporation (NASDAQ: AVCT) today announced they have reached agreement for Emerson to acquire Avocent, a transaction that will further Emerson’s ability to deliver total infrastructure management solutions to its data center customers around the world. The Avocent Board of Directors unanimously endorsed the terms of an all-cash tender offer of $25 per share, or approximately $1.2 billion. The purchase is expected to close around January 1, 2010, pending customary regulatory approvals and acceptance of

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Beacon Enterprise Solutions Group, Inc., a leader in advanced IT solutions, announced the opening of three new markets for its IT infrastructure management services.

Beacon’s three new locations include: Rochester, NY; Raritan, NJ; and Lexington, KY. The new locations will employ approximately 15 people by July. At this time, Beacon’s employees and certified contractors are positioned to service approximately 85% of the US marketplace.

“The addition of these three new markets has increased our current tally of permanently staffed domestic locations to six, as we quickly approach our previously stated projection of 12 locations across North America by the end of 2009,” said Bruce Widener, Chief Executive Officer. “This rapid expansion is driven by the significant demand we have experienced for Beacon’s fully-integrated suite of IT infrastructure management solutions, with mid-sized enterprises and Fortune 500 companies experiencing significant pressure to streamline their technologies, improve efficiencies and cut costly internal IT departments

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