UPDATE: Emerson’s Climate Technologies rebrands as Copeland

Private equity fund manager Blackstone Private Equity has completed its acquisition of Emerson’s Climate Technologies business and has rebranded the company as Copeland.

The sale of Climate Technologies includes the Copeland compressor division and the entire profile of HVAC/R products and services. The agreement is part of Emerson’s move to become a pure-play global automation company.

“Over the past 18 months, the Emerson team has accelerated our portfolio transformation, divesting non-core businesses including InSinkErator and Therm-O-Disc, while investing in organic growth opportunities and important transactions including AspenTech,” says Lal Karsanbhai, president and CEO of Emerson.

As a standalone company focused on the global HVAC market, St. Louis, MO-based Copeland’s product portfolio includes compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.

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