About Emerson Electric Co

Emerson Electric Co. (Emerson) operates as a global technology and software company. The company provides solutions for customers in a wide range of end markets around the world. Through its leading automation portfolio, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. Portfolio management is an integral component of Emerson's growth and value creation strategy. On October 11, 2023, the company completed the acquisition of National Instruments Corporation ('NI'), which provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster. On May 31, 2023, the company completed the previously announced sale of a majority stake in its Climate Technologies business (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc, which was divested earlier in 2022) to private equity funds managed by Blackstone. The Climate Technologies business includes the Copeland compressor business and the entire portfolio of products and services across all residential and commercial HVAC and refrigeration end-markets. The new standalone business is named Copeland. On October 31, 2022, the company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation. On May 31, 2022, the company completed the divestiture of its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC. On May 16, 2022, the company completed the transactions contemplated by its definitive agreement with Aspen Technology, Inc. ('Heritage AspenTech') to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business (collectively, the 'Emerson Industrial Software Business'), to Heritage AspenTech stockholders, to create 'New AspenTech', a diversified, high-performance industrial software leader with greater scale, capabilities and technologies (defined as 'AspenTech' herein). Upon closing of the transaction, Emerson owned 55 percent of the outstanding shares of AspenTech common stock (on a fully diluted basis). The company sells products and solutions that support customers in a variety of end markets, including process industries (such as chemical, power and renewables and energy), hybrid industries (life sciences, metals and mining, food and beverage, pulp and paper, and others), discrete industries (including automotive, medical, packaging and semiconductor) and more. Segments The company operates through the following six segments and two business groups: Intelligent Devices Final Control The Final Control segment is a leading global provider of control valves, isolation valves, shutoff valves, pressure relief valves, pressure safety valves, actuators, and regulators for process and hybrid industries. These solutions respond to commands from a control system to continuously and precisely control and regulate the flow of liquids or gases to achieve safe operation along with reliability and optimized performance. Products within the company's Final Control segment are marketed under a variety of brands, including Anderson Greenwood, Bettis, Crosby, Fisher, Keystone, KTM and Vanessa. Measurement & Analytical The Measurement & Analytical segment is a leading supplier of intelligent instrumentation measuring the physical properties of liquids or gases, such as pressure, temperature, level, flow, acoustics, corrosion, pH, conductivity, water quality, toxic gases, and flame. The instrumentation transfers data to control systems and automation software, allowing process and hybrid industry operators to make educated decisions regarding production, reliability and safety. Products within the company's Measurement & Analytical segment are marketed under a variety of brands, including Flexim, Micro Motion and Rosemount. Discrete Automation The Discrete Automation segment includes solenoid valves, pneumatic valves, valve position indicators, pneumatic cylinders and actuators, air preparation equipment, pressure and temperature switches, electric linear motion solutions, programmable automation control systems and software, electrical distribution equipment, and materials joining solutions used primarily in discrete industries. Products within the company's Discrete Automation segment are marketed under a variety of brands, including Afag, Appleton, ASCO, Aventics, Branson, Movicon, PACSystems, SolaHD, TESCOM, and TopWorx. Safety & Productivity The Safety & Productivity segment offers tools for professionals and homeowners that promote safety and productivity. Pipe-working tools include pipe wrenches, pipe cutters, pipe threading and roll grooving equipment, battery hydraulic tools for press connections, drain cleaners, tubing tools and diagnostic systems, including sewer inspection cameras and locating equipment. Electrical tools include conduit benders and cable pulling equipment, battery hydraulic tools for cutting and crimping electrical cable, and hole-making equipment. Other professional tools include water jetters, wet-dry vacuums, commercial vacuums and hand tools. Products within the company's Safety & Productivity segment are marketed under a variety of brands, including Greenlee, Klauke, ProTeam and RIDGID. Software and Control Control Systems & Software The Control Systems & Software segment provides control systems and software that control plant processes by collecting and analyzing information from measurement devices in the plant and using that information to adjust valves, pumps, motors, drives and other control hardware for maximum product quality, process efficiency and safety. These solutions include distributed control systems, safety instrumented systems, SCADA systems, application software, digital twins, asset performance management and cybersecurity. Control Systems & Software solutions are predominantly used by process and hybrid manufacturers. Products within the company's Control Systems & Software segment are marketed under a variety of brands, including AMS, DeltaV and Ovation. AspenTech AspenTech is a global leader in asset optimization software that enables industrial manufacturers to design, operate, and maintain their operations for maximum performance. AspenTech combines decades of modeling, simulation, and optimization capabilities with industrial operations expertise and applies advanced analytics to improve the profitability and sustainability of production assets. The purpose-built software drives value for customers by improving operational efficiency and maximizing productivity, reducing unplanned downtime and safety risks, and minimizing energy consumption and emissions. Test & Measurement As discussed above, Emerson completed the acquisition of NI on October 11, 2023. This business will be referred to as Test & Measurement and reported as a new segment in the Software and Control business group in 2024. Test & Measurement provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster and at a lower cost. The Test & Measurement platform spans the full range of customer needs, including modular instrumentation, data acquisition and control solutions, and general-purpose development software. Distribution The principal worldwide distribution channel for a majority of the company's product offerings is through a direct sales force, while a network of independent sales representatives, and to a lesser extent independent distributors purchasing products for resale, are also utilized. History Emerson Electric Co. was founded in 1890. The company was incorporated in Missouri in 1890.

Country
Industry:
Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products
Founded:
1890
IPO Date:
01/02/1968
ISIN Number:
I_US2910111044
Address:
8000 West Florissant Avenue, PO Box 4100, Saint Louis, Missouri, 63136, United States
Phone Number
(314) 553 2000

Key Executives

CEO:
Karsanbhai, Surendralal
CFO
Baughman, Michael
COO:
Krishnan, Ram