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Emerson to become a pure-play global automation company serving diversified end markets.
October 31, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson announced a definitive agreement under which it will sell a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a transaction valuing Climate Technologies at $14.0 billion. Emerson will receive upfront, pre-tax cash proceeds of approximately $9.5 billion while retaining a non-controlling ownership interest in a new standalone joint venture. The standalone Climate Technologies business includes the Copeland compressor business and the en...
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