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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Apr. 25, 8:02 PM

Slide #56. Emerson Tools and Test Equipment business of Textron

Acquirer: Emerson (NYSE:EMR)
Acquiree: Tools and Test Equipment business of Textron
Details: Emerson (NYSE:EMR) today announced it has signed an agreement to purchase the Tools and Test Equipment (Tools & Test) business of Textron (NYSE:TXT) for $810 million. Tools & Test is a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments with strong global distribution and highly respected brands, including Greenlee and Klauke. The acquisition, joined with Emerson's Ridge Tool Company, creates a global $1 billion professional tools business with the broadest offering for mechanical, electrical and plumbing contractors. Emerson expects the acquisition to be accretive to earnings in fiscal 2019 and immediately accretive to cash flow.

Emerson Electric is organized into five business segments: process management, which provides measurement, control and diagnostic capabilities for automated industrial processes producing items such as fuels, chemicals, foods, medicines and power; industrial automation, which brings integrated manufacturing solutions to various industries; climate technologies, which provides heating, air conditioning and refrigeration technology; commercial and residential solutions, which provides tools for professionals and homeowners, residential storage systems and appliance solutions.

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Company Name:  Emerson Electric Co.
Website:  www.emerson.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding EMR:  100
Total Market Value Held by ETFs:  $4.49B
Total Market Capitalization:  $44.38B
% of Market Cap. Held by ETFs:  10.11%
 

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April 25, 2018    8:02 PM Eastern
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