Emerson Electric

Emerson Electric Co., commonly known as Emerson, is an American multinational corporation headquartered in St. Louis, Missouri.[2][3][4] The Fortune 500 company manufactures and delivers a range of industrial automation and control systems, climate control solutions, measurement and analytical instrumentation, and provides engineering services for industrial, commercial, and consumer markets.[5][6][7]

History

Emerson was established 1890 in St. Louis, Missouri, as Emerson Electric Manufacturing Co. by Civil War Union veteran John Wesley Emerson to manufacture electric motors using a patent owned by the Scottish-born brothers Charles and Alexander Meston. In 1892, it became the first to sell electric fans in the United States.[8] It expanded its product line to include electric sewing machines, electric dental drills, and power tools.[9]

During World War II, under the leadership of Stuart Symington,[10] Emerson became the world's largest manufacturer of airplane armament.[11] Emerson ranked 52nd among United States corporations in the value of World War II military production contracts.[12]

Products

Operations

Operating in over 150 countries,[15] Emerson supports industries such as oil and gas, power generation, chemicals, water treatment, and heating, ventilation, and air conditioning systems, aerospace and defense.[16]

Acquisitions and divestments

In 1962, it acquired the United States Electrical Manufacturing Company as the U.S. Electrical Motors Division, including the brand U.S. Motors.[17] In 1968, it acquired the InSinkErator company.[18]

On December 15, 1999, Emerson Electric acquired Jordan Industries Inc.'s telecommunications equipment division for a total of $440 million, expanding it's interest into the telecommunications industry.[19]

In 2010, Emerson sold its U.S. Motors brand to Nidec Corporation, divesting from the electric motors industry.[17]

On December 1, 2016, Platinum Equity acquired Emerson’s Network Power division for more than $4 billion, rebranding the business as Vertiv.[20]

In July 2018, Emerson completed the acquisition of Textron Tools and Test Businesses for a total of $810 million, which included brands such as Greenlee, Klauke, HD Electric, and Sherman + Reilly. This acquisition further expanded Emerson’s offerings in the professional tools and test equipment market.[21]

On April 1, 2020, Emerson acquired American Governor Company, a provider of technologies used to control hydroelectric turbines.[22]

In October 2022, Emerson reached a deal to sell a controlling interest in its climate technologies business to private equity firm Blackstone Inc. for $14 billion, including debt.[23] The remaining shares were purchased by Blackstone Inc. for $3.5 billion in June 2024.

Following a nearly year-long negotiation, in April 2023, Emerson finalized an agreement to acquire National Instruments for $8.2 billion. This acquisition was designed to enhance Emerson’s automation technology capabilities, adding advanced testing and measurement technologies.[24][25]

Corporate

Key leadership in the mid-20th century includes W.R. Persons, who focused on diversification and expansion from 1954 to 1973,[26] followed by Charles Knight, under whom Emerson pursued aggressive acquisitions and global growth between 1973 and 2000. David Farr, who was CEO from 2000 to 2021, continued to expand the company's reach into international markets and advanced technology sectors.[27] Jim Turley is the chairman,[28] and Lal Karsanbhai is CEO.[29]

Corporate relationships

Controversies

External links