Emerson Electric acquires National Instruments for $8.2 billion to strengthen automation leadership.

Emerson has reached a deal to acquire National Instruments for $8.2 billion, after a year-long campaign to acquire the company. The deal values National Instruments at $60 per share and is expected to close in the first half of Emerson's fiscal year. Emerson plans to finance the transaction with $8 billion from the sale of its Climate Technologies business to Blackstone. The acquisition is part of Emerson's strategy to grow its automation solutions business and diversify its customer base.