All articles tagged with #emerson electric
Emerson Electric has agreed to acquire National Instruments, a maker of testing and measurement equipment, in a deal that was more expensive than expected. Emerson Electric is expected to benefit from increased business as corporations invest in infrastructure and equipment amid an economic rebound. 75% of Emerson Electric's operations are tied to infrastructure.
Emerson Electric has agreed to acquire National Instruments, a measurement systems maker, for $8.2 billion in cash, beating out rival Fortive Corp. in a competitive process. The deal is expected to boost Emerson's portfolio's gross margins and will be immediately accretive to its adjusted earnings per share and long-term targets. Emerson plans to finance the purchase using available cash, including proceeds from the pending sale of a majority stake in its Climate Technologies business to Blackstone Inc. The deal is expected to close in the first half of Emerson's 2024 financial year, subject to regulatory clearance and approval by National Instruments shareholders.
Emerson Electric has agreed to acquire National Instruments for $8.2 billion, beating out rival bidder Fortive Corp in a tightly contested process. The acquisition is expected to bolster Emerson's efforts to reshape itself as a major global player in the automation industry. The deal will strengthen a key pillar of Emerson's strategy to build out its capabilities in the high-growth area of testing and measurement and allow it to tap National Instruments' software-connected automated systems as part of its profitability push. The deal is expected to close in the first half of Emerson's fiscal 2024.