Electronic Equipment & Products M&A » By The Online Investor Staff, updated Fri., Apr. 26, 7:59 PM
Recent mergers and acquisitions in the Electronic Equipment & Products M&A category.
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Slide #75. Emerson — EGS Electrical Group
Acquirer:
Emerson (NYSE:EMR)
Acquiree:
EGS Electrical Group
Details:
Emerson announced that it has signed an agreement to acquire SPX Corporation's 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business. Emerson and SPX have jointly held the business since 1997, with Emerson responsible for operational management and consolidation of results in its Industrial Automation segment. The business had annual revenues in 2013 of more than $500 million.
Emerson Electric designs and manufactures products and delivers services that bring technology and engineering together to provide solutions for customers in a range of industrial, commercial and consumer markets around the world. Co.'s segments include: Automation Solutions, which provides an array of products, integrated solutions, software and services; AspenTech, which is engaged in asset optimization software that enables industrial manufacturers to design, operate, and maintain their operations for maximum performance; and Climate Technologies, which provides products and services for various areas of the climate control industry, including residential heating and cooling.
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Avg. Broker Rec.
 
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Strong Buy (3.55 out of 4) 60th percentile
(ranked higher than approx. 60% of all stocks covered)
Analysts' Target Price: EMR Stock Forecast Based on Zacks ABR data; powered by Xignite |
