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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 ...
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]
Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.
The company also owns Ross Group plc, [2] a transformer manufacturer in the United Kingdom, majority ownership of Emerson Radio, and Kawa a Chinese brand of electronics. The company is currently incorporated in Bermuda as an exempted company with limited liability.
The electronics segment also recorded over $1 billion in restructuring charges in 2002 from inventory write-down and facility closures. In addition, 2002 struck Tyco with two goodwill impairments, the first for over $500 million in the second quarter, due to their fiber-cable overcapacity issue and other corporate problems. The second, costing ...
(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]
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