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Emerson Electric office in Markham, Ontario. Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. [2] [3] [4] The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering solutions for industrial ...
In December 2016, Platinum Equity acquired the ENP business from Emerson Electric in a transaction valued in excess of $4 billion. The company was rebranded as Vertiv, and Emerson retained a subordinated equity stake. [12] Vertiv launched as a stand-alone business and appointed Rob Johnson as chief executive officer. [13] [14]
The company also sells power tools, largely made by TTI, and wet/dry vacs, made by parent company Emerson. [4] Ridgid produced a pinup calendar from 1935 until 2016. [5] Early renditions featured the work of American pin-up artist George Petty. Models having appeared on the calendar include Raquel Welch and Brooke Burke. [6]
In 1987, Liebert Corporation was acquired by Emerson Electric for $430 million in stock. [7] [8] The company remained a subsidiary of Emerson until 2000, when the company consolidated its network and computer protection businesses to form its Emerson Network Power platform group. [8] In 2016, Platinum Equity acquired the division and renamed it ...
The real-money Inflation-Protected Income Growth portfolio owns shares of Emerson Electric . Emerson Electric, like every company in that portfolio, earned its place because at the time it was ...
Purchased in late 1950s or early '60 by the Beaird Company, also of Shreveport, it was known as Beaird-Poulan. The company was acquired by Emerson Electric in 1972, and was purchased by Electrolux in 1984, which closed its Shreveport factory in 1988. In 2006 Electrolux spun off Husqvarna into its own company.
(Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
David Nelson Farr (born 1955) is an American business executive. He was the chairman and CEO of Emerson Electric Company, a Fortune 500 company. [1] [2] Farr has worked at the company since 1981 and retired as CEO on Feb 5, 2021. [3]