| [July 02, 2018] |
 |
Emerson Completes Tools & Test Acquisition
Emerson (News - Alert) (NYSE: EMR) today announced it has completed the purchase of
Tools & Test, a leading manufacturer of electrical and utility tools,
diagnostics, and test and measurement instruments. Tools & Test will be
combined with Emerson's Ridge Tool business unit, forming a $1+ billion
global professional tools business serving mechanical, electrical and
plumbing contractors.
Tools & Test's expertise in electrical joining and diagnostics
complements Emerson's RIDGID portfolio of technologies for mechanical
and plumbing applications, creating the broadest professional tools and
technologies portfolio serving the safety and efficiency needs of the
professional trades.
Headquartered in Rockford, Ill., Tools & Test has 2,300 employees and 11
manufacturing locations globally.
Click here to view the original acquisition announcement
and see also the accompanying presentation,
or go to Emerson.com/financial.
About Emerson
Emerson (NYSE:
EMR), headquartered in St. Louis, Missouri (USA), is a global technology
and engineering company providing innovative solutions for customers in
industrial, commercial, and residential markets. Our Emerson Automation
Solutions business helps process, hybrid, and discrete manufacturers
maximize production, protect personnel and the environment while
optimizing their energy and operating costs. Our Emerson Commercial &
Residential Solutions business helps ensure human comfort and health,
protect food quality and safety, advance energy efficiency, and create
sustainable infrastructure. For more information, visit Emerson.com.
Forward-Looking and Cautionary Statements
Statements
in this press release that are not strictly historical may be
"forward-looking" statements, which involve risks and uncertainties, and
Emerson undertakes no obligation to update any such statements to
reflect later developments. These risks and uncertainties include
economic and currency conditions, market demand, pricing, protection of
intellectual property, and competitive and technological factors, and
the impact of the Tax Cuts and Jobs Act, among others, as set forth in
the Company's most recent Annual Report on Form 10-K and subsequent
reports filed with the SEC (News - Alert).
View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005833/en/
[ Back To TMCnet.com's Homepage ]
|
