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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 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 ...
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A Taiwanese manufacturer, Phoenixtec, was also acquired giving the company the highest share in the Chinese single-phase UPS market. [16] On 21 May 2012, Eaton announced that they had agreed to purchase Ireland-based Cooper Industries in a cash-and-stock deal valued at about $11.46 billion. The new company is called Eaton Corporation plc and is ...
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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]