Daily Management Review

Emerson Electric to pay $8.2B for meter manufacturer NI


The American industrial company Emerson Electric announced that it would acquire National Instruments (NI), a maker of measuring instruments. The transaction will cost $8.2 billion.

Emerson will pay $60 per share to NI investors, a 14.1% premium above the price on Tuesday.

NI specializes in creating a range of measuring instruments, automated test systems, etc., which are utilized in the automation of manufacturing. The business had $1.7 billion in revenue last year and serves around 35,000 businesses across more than 40 nations.

Emerson recently decided to prioritize automation systems. Emerson said that the $9.9 billion sale of the majority of its heating and cooling products and services division to Blackstone last year would increase profitability of the automation products and services division and aid in its expansion.

source: bloomberg.com