Factory hardware manufacturer Emerson Electric on Tuesday agreed to buy General Electric’s (GE) intelligent platform operations.

Emerson said that the GE division would help it to extend its foothold in several industries, including metals and mining and life sciences, without revealing any of the deal terms.

The intelligent platform business, which generated $210 million in sales last year, developed a range of cloud-connected devices for smart plants.

“This transaction enables Intelligent Platforms to be best positioned to pursue its growth strategy, while accelerating our reinvestment in GE Power to develop the energy technologies of the future and provide the world with reliable, affordable electricity,” GE power division’s CEO Russell Stokes said.

The deal, which is set to be finalised in the first half of the next year, came just one day after the US energy and industrial conglomerate replaced its CEO John Flannery with board member Larry Culps.

GE has been trimming its operations to turn its business focus on jet engines, power stations and renewable energy.

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