Emerson Closes NI Acquisition, Creates New Test & Measurement Segment
Summary
ST. LOUIS – Emerson (NYSE: EMR) has closed its previously announced $8.2 billion acquisition of NI (Nasdaq: NATI). Emerson expects the deal to increase end-market exposure in discrete markets, which will be the companys second-largest industry segment. The company has operations in more than 40 countries and serves some 35,000 customers across the semiconductor and electronics, transportation and aerospace and defense markets. Ritu Favre has been appointed to lead the test and measurement segment as business group president. Emersons went public with its initial $7.6 billion bid for NI in January 2023 after the company balked at prior buyout negotiations.
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Emerson
$1B+