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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 1943, it relocated to its current location in Elyria, Ohio, and in 1966, it became a wholly owned subsidiary of Emerson Electric. [2] Ridgid tools are targeted at the plumbing, pipe fitting, construction, and HVAC trades.
Rosemount Inc. is a subsidiary of Emerson Electric Company.Its headquarters is located in Shakopee, Minnesota, where they manufacture measurement instrumentation such as pressure, temperature, level, DP flow, and wireless, as well as analytical and detection instrumentation for gas analysis, liquid analysis, combustion measurement and flame and gas detection.
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. [11] Vertiv launched as a stand-alone business and appointed Rob Johnson as chief executive officer. [12] [13]
(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.
In February 1969, Emerson Electric announced plans to purchase Fisher Radio. [2] [3] To purchase Fisher, Emerson initially agreed to exchange 736,000 shares in a transaction worth approximately $75 million. [4] Emerson later agreed to pay approximately $37 million in stock to acquire Fisher. [5] The purchase was completed later that year. [6]
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The company's systems are used for the real-time management and optimization of production, transport, and delivery networks for utilities in the electric, oil and gas, transportation, and water industries. The company's core real-time OT platform has been successfully implemented at more than 550 installations worldwide.