Emerson announces acquisition of National Instruments for US$8.2B
Mike Edwards
News acquisition automation Emerson Hardware National Instruments NI software
Emerson of St. Louis, MO, and Austin, TX-based NI (National Instruments) have announced that they have entered into a definitive agreement under which Emerson will acquire NI for US$8.2 billion. Emerson already owns approximately 2% of shares outstanding in NI.
NI provides software-connected automated test and measurement systems designed to bring materials and products to market faster and at a lower cost, the companies say.
National Instruments software and hardware provides productivity solutions across a variety of industry sectors, including process industries such as mining.
According to Lal Karsanbhai, president and CEO of Emerson, “NI’s business is well-aligned with our vision for automation, and we look forward to working together to bring more comprehensive and innovative solutions to our customers, accelerate growth and position Emerson to deliver significant shareholder value.”
The transaction is expected to close in the first half of Emerson’s fiscal 2024, subject to the completion of customary closing conditions, including regulatory approvals and approval by NI shareholders.
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