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Emerson

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business2 years ago

Emerson Electric's $8.2B Acquisition of National Instruments Marks Evolution and Global Automation Leadership

Emerson, a Ferguson-based company, has acquired National Instruments in an $8.2 billion deal, bringing the company into markets like semiconductors, electric vehicles, and aerospace and defense. The acquisition is an important milestone for Emerson's evolution into a software and automation company, having sold off consumer brands and reoriented its business for the future. Emerson has been attempting to push National Instruments to the bargaining table for an acquisition since May 2022. The deal values National Instruments at $60 per share, or $8.2 billion.

business2 years ago

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.