Emerson completes $8.2 billion acquisition of National Instruments
Summary
Emerson has closed its acquisition of NI, formerly known as National Instruments, a provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion. The acquisition of NI advances Emerson’s position as a global automation leader and expands its opportunity to capitalise on key secular trends like nearshoring, digital transformation, and sustainability and decarbonisation. “We are pleased to welcome NI employees to Emerson and benefit from our shared visions and cultures, including our mutual commitment to innovation, operational excellence and sustainability. “Together, we look forward to providing our customers more innovative and differentiated products, executing on our synergy targets and delivering increased shareholder value.” NI will become a new reported segment within Emerson called Test & Measurement and will be consolidated into the Software and Control group. NI reported $1.66 billion in 2022 revenue and operates in more than 40 countries, serving approximately 35,000 customers across high-growth semiconductor and electronics, transportation and aerospace and defence markets.
