Moving to Advance Its Automation Portfolio, Emerson Proposes to Acquire National Instruments

▤ Summary

Moving to advance its automation portfolio, Emerson announced that it submitted a proposal to the Board of Directors of National Instruments (NI) to acquire NI for $53 per share in cash at an implied enterprise value of $7.6 billion. With NI, Emerson would gain a strong, complementary portfolio of differentiated electronic test and measurement offerings, and a technology stack of intelligent devices, controls, and software that complements Emerson’s technology stack in its core automation markets. With favorable long-term trends, test and measurement is viewed by the company as a fast-growing and complementary adjacency to Emerson’s portfolio. This acquisition would enable Emerson to further expand and diversify its customer base within highly attractive end markets with strong secular trends including semiconductor, automotive and electric vehicles, and aerospace and defense. NI’s business has strong positions in attractive and growing markets, creating sustainable top line growth potential.

▦ Linked Companies

Emerson

$1B+