Only world-class products are being
used on this
project," said Mr.6 billion. For more
information, visit www.
Modine Announces Acquisition of Airedale
International Air Conditioning Limited of Leeds U.K.
Modine, with fiscal 2004 revenues of
$1. The
Company's products are used in light, medium, and heavy-duty vehicles,
HVAC equipment
, industrial equipment, refrigeration systems, fuel
cells and electronics.indirect hpac
"Many companies in China
now have strict
requirements for the central air conditioning systems in their office
buildings
, and Emerson's Copeland Digital Scroll technology makes
significant contributions in energy efficiency
, reliability and
performance that help developers to meet their customers' needs.
"We believe
that the Samsung DVM Plus with Emerson's Copeland
Digital Scroll technology is a world-class product
, and we are very
confident to use this technology. "The ABP
site will emerge as a new economic
zone accommodating offices, R+D
facilities and corporate headquarters. A pioneer in the HVACR industry
, the company led the
introduction of scroll technology to the marketplace.
Business Editors
RACINE, Wis.
"Airedale strongly fits our acquisition criteria for product,
market, customer
and geographic diversification within our core
business of applied thermal management," Rayburn said
.hpac computerized
Airedale is debt-free and, like Modine, has enjoyed a strong
balance sheet for many years. N M Rothschild
+ Sons
Limited acted as financial advisor to Airedale and Walker Morris
Solicitors provided legal
counsel.modine.stirling calculations
"By integrating Airedale into our HVAC+R business, we can take
even greater and
faster advantage of growing worldwide air
conditioning opportunities," stated Wayne Canfield, General
Manager of
Modine's Commercial HVAC+R Division."
"We see promising opportunities for cross-selling
Modine and
Airedale products into key European and North American markets,
continued development
of the large U.humidity cdroms
B.dehumidification videotapes
LOUIS----Emerson Climate
Technologies(TM), a business of Emerson (NYSE: EMR), today
announced
that its innovative and energy efficient digital scroll compressor
technology will help
power the largest central air conditioning
project ever awarded in China. Ltd. "We share the
belief
with Airedale that the demand for energy efficient,
environmentally friendly air conditioning systems
will continue to
rise.com
Note: A slide presentation on the Airedale acquisition is
available
at www. Specifically,
this news release contains forward-looking statements regarding the
benefits
of the proposed transaction, and incremental business. Modine does not assume any obligation to update
any of these forward-looking statements.This category contains sites that discuss the technical aspects
of HVAC (heating, ventilation and air conditioning systems) as they are applied to residential and commercial
climate control.
ventilation humidity
Developers selected Samsung's DVM(TM) Plus central air conditioner
featuring
Emerson's digital scroll technology from several applicants
based on its design and performance after
a series of competitive
trials.
"We are very excited that our cutting-edge technology is being
recognized and adopted by leading developers in Asia," said Tom
Bettcher, an Emerson executive
vice president and business leader of
Emerson Climate Technologies.com
About Emerson Climate
Technologies
Emerson Climate Technologies, a business of Emerson, is the
world's leading provider
of heating, ventilation, air conditioning and
refrigeration solutions for residential, industrial
and commercial
applications.videotapes evaporative
About Emerson
Emerson (NYSE: EMR), based in St.----
Accretive Acquisition Reinforces Strategy of Global Market,
Customer and Product Diversification
in Thermal Management
Modine Manufacturing Company (NYSE:MOD), a diversified global
leader
in thermal management technology and solutions, announced today
that it has acquired privately held
Airedale International Air
Conditioning Limited of Leeds, England for approximately $38 million
in
cash. Airedale has approximately 450
employees and production facilities in Leeds, England, which
includes
a product development lab and testing center; Bensalem, Pennsylvania;
Johannesburg, South
Africa; and Zhongshan, China, which opened in
early 2005. It has production facilities
in West
Kingston, Rhode Island; Buena Vista, Virginia; and Nuevo
Laredo, Mexico. "These include the emergence
of
Chinese and Eastern Europe AC markets, expanding mobile
telecommunications services, increasingly
stringent energy efficiency
targets requiring replacement or refurbishment of existing AC systems
,
growing demand for close control units for computer rooms, and rising
worldwide energy costs
, which encourage greater emphasis on more
efficient products to lower operating costs.hemmes numerical
Baird + Co
.cdroms pulse
This approach has shown to be as much as 40
percent more efficient than traditional methods of climate
control and
is capable of holding a precise temperature to plus or minus half a
degree.com
About Copeland Corporation
Copeland Corporation, part of Emerson Climate Technologies, is
the
world's leading compressor manufacturer, offering a full range of
technologies, including
scroll, reciprocation and screw compressor
designs. Like Modine's other businesses, Airedale focuses
on customers
and applications where technology, innovation and functionality are
the drivers.
modine.technicians cryocoolers
Today, more than
45 million Copeland Scroll(TM) compressors are installed in
residential
and commercial air conditioning and commercial
refrigeration systems around the world.
Founded
in 1974 in Leeds and with 2004 revenues of about $75
million, Airedale is a leading designer and
manufacturer of specialty
air conditioning systems sold in more than 50 countries worldwide. He noted
that the acquisition of Airedale nearly doubles the size of Modine's
HVAC+R business. Richardson
, Modine Vice President, Finance
and Chief Financial Officer.reach hvac
Business Editors
ST. These
forward-looking statements are particularly subject to a number of
risks and uncertainties, including
international economic changes and
challenges; continued market acceptance and demand for the acquired
business' products and technologies, and the ability of Modine to
integrate the acquired operations
and employees in a timely and
cost-effective manner.technicians calculations
copeland-corp.
Modine's HVAC+R division, a
part of the Company since 1922 when
founder A. Modine invented the hydronic unit heater, provides
unit
heaters, infrared and rooftop makeup air heaters to more than 1,500
customers, primarily
in North America. In addition, the division
manufactures copper tube aluminum fin and stainless steel
heat
exchangers for major North American original equipment (OE) air
conditioning and refrigeration
customers.josefsson indirect
humidity josefsson
boilers numerical
Emerson first introduced Copeland Digital Scroll(TM)
compressors to Asia in 2001. Louis
, is a global leader in
bringing technology and engineering together to provide innovative
solutions
to customers through its network power, process management,
industrial automation, climate technologies
and appliance and tools
businesses.emersonclimate."
Airedale products are sold to installers,
contractors and end
users in a variety of commercial and industrial applications,
including banking
and finance, education, transportation,
telecommunications, pharmaceuticals, electronics, hospitals
, defense,
petrochemicals, and food and beverage processing.
"The Airedale acquisition is expected
to be accretive, before
synergies, to our earnings per share in fiscal 2006, which began on
April
1," said Bradley C.2 billion, specializes in
thermal management systems and components, bringing
heating and
cooling technology and solutions to diversified global markets.cdroms calculations
"
Before awarding the
contract, Dauphin Science Business Park
Construction + Development Co., the developer for the Advanced
Business Park project, conducted a technical evaluation of available
technologies for central
air conditioning systems.calculations evaporative
In partnership with Samsung Electronics, Emerson is providing its
award
-winning Copeland Digital Scroll(TM) compressors to power nearly
3,000 outdoor central air conditioning
units being installed at the
new Advanced Business Park (ABP) in Beijing. For more information, visit
www.com
While the majority of its sales are in the United Kingdom, about 40
percent
of Airedale's 2004 revenues were principally to North America,
Europe, South Africa and Asia.S.indirect dehumidification
Emerson
's Digital Scroll Compressor Technology Selected for China's Largest Central Air Conditioning Project
More information about Modine can be found at
www.configurations burners
Each Samsung unit is also
equipped with
one or more standard Copeland Scroll compressors. Copeland is headquartered in
Sidney, Ohio."
Robert
W. Incorporated acted as financial advisor to
Modine and Eversheds LLP provided legal counsel. Modine
employs more than 8,700 people worldwide
at 36 facilities. Modine's
actual results, performance
or achievements may differ materially from
those expressed or implied in these statements, because
of certain
risks and uncertainties, which are identified on page 31 of the
Company's 2004 Annual
Report to Shareholders and other recent Company
filings with the Securities and Exchange Commission
.
hvac reach
The
Samsung installation also includes more than 13,122 indoor central air
conditioning
units. The Samsung unit
with Emerson's digital scroll compressor was selected following a
rigorous
three-month field test to verify energy savings and
performance. Products include
close control
units for precise temperature and humidity control
applications; chiller units and condensing units;
comfort products;
and equipment service and controls. Sites that contain theory, information tables
or other technical aspects of HVAC systems or components may be included here.
stirling reach
The group combines
best-in-class technology with proven
engineering, design, distribution, educational and monitoring
services
to provide customized, integrated climate control solutions for
customers worldwide.
Emerson Climate Technologies' innovative
solutions, which include industry-leading brands such as
Copeland
Scroll(TM) and White-Rodgers, improve human comfort, safeguard food
and protect the environment
.
With its focus on specialty, low-volume, and value-added products
and premium services for select
, non-residential markets, Airedale
offers an excellent opportunity to leverage the commercial and
operational successes of Modine's North American heating, ventilation,
air conditioning and refrigeration
(HVAC+R) business, according to
David Rayburn, Modine President and Chief Executive Officer. education
market, greater
penetration within a highly fragmented European market for both air
conditioning
and heating products, leveraging both businesses'
significant technical expertise, and ongoing cost
reductions and
synergies," Canfield said.indirect hpac
The
business park in Beijing's Fengtai district will
be home to about
1,000 medium to large companies in 500 stand-alone buildings, as well
as five
-star hotels, apartments and technology transfer centers. Xu Weiping, managing director of
Dauphin
Science Business Park Construction + Development. Sales in fiscal 2004 were $15. The acquisition was
financed through a
combination of excess cash and the use of existing credit lines.hemmes boilers
GoToEmerson.5
times Airedale's 2004 normalized
EBITDA.com
This news release may contain statements, including
information
about future financial performance, accompanied by phrases such as
"believes," "estimates
," "expects," "plans," "anticipates," "will,"
"intends," and other similar "forward-looking" statements
, as defined
in the Private Securities Litigation Reform Act of 1995.computerized hpac
"
Emerson's Copeland Digital
Scroll technology offers
air-conditioning original equipment manufacturers (OEMs) an innovative
way
to adjust the capacity of the compressor from 10 to 100 percent,
so that the air-conditioner capacity
output precisely matches the
cooling need in a room. For more information, visit
www. "The $38
million purchase price
represents a highly competitive 6.burners computerized
A community sponsored library.
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