Emerson (NYSE: EMR) today announced it completed its acquisition of
Chloride Group PLC, which now joins strong global product brands within
Emerson Network Power. This acquisition helps drive Emersons long-term
global growth strategy for uninterruptible power supply (UPS) and
integrated data center solutions. As previously announced, the purchase
price was approximately $1.5 billion.
Rapid growth in data traffic and a critical business need for high
availability is driving the need for power continuity solutions, and
Emerson is positioning itself in a significant way to support
fast-growing communications and computing infrastructure markets.
Emerson will host a brief presentation to discuss this transaction and
other acquisition and divestiture activity at 1:30 p.m. Central Time
(2:30 p.m. Eastern Time) on Thursday, Sept. 9. A live webcast of the
presentation will be available in the Investor Relations area of
Emersons Web site at www.Emerson.com/financial
at the time of the event, and an archive replay will be available for
approximately one week.
About Emerson Network Power
Emerson Network Power, a business of Emerson (NYSE:EMR), is the global
leader in enabling Business-Critical Continuity from grid to
chip for telecommunication networks, data centers, health care and
industrial facilities. Emerson Network Power provides innovative
solutions and expertise in areas including AC and DC power and precision
cooling systems, embedded computing and power, integrated racks and
enclosures, power switching and controls, infrastructure management, and
connectivity. All solutions are supported globally by local Emerson
Network Power service technicians. Learn more about Emerson Network
Power products and services at www.EmersonNetworkPower.com.
About Emerson
Emerson, based in St. Louis, Missouri, USA, is a global leader in
bringing technology and engineering together to provide innovative
solutions for customers in industrial, commercial, and consumer markets
through its network power, process management, industrial automation,
climate technologies, and appliance and tools businesses. Sales in
fiscal 2009 were $20.9 billion. For more information, visit www.Emerson.com
Source: Business Wire
