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.
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.
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.
