$EMR (Emerson Electric Co.)

$EMR {{ '2016-08-02T12:04:23+0000' | timeago}} • Announcement

$EMR Chairman and CEO David Farr said, "This morning we announced agreements for the sales of our Network Power, Leroy-Somer and Control Techniques businesses for a combined value of $5.2Bil. These agreements represent a significant step forward in the overall portfolio repositioning strategy we announced last year in June."

$EMR {{ '2017-10-16T14:39:32+0000' | timeago}} • Announcement

$EMR agreed to acquire Paradigm, a provider of software solutions for the oil and gas industry, for a purchase price of $510MM, reflecting a multiple of 13 times expected 2017 EBITDA. The acquisition is expected to close within the next 60 days.

$EMR {{ '2017-10-11T12:07:27+0000' | timeago}} • Announcement

$EMR acquired GeoFields,a provider of software and services for the oil and gas pipeline industry . Terms of the acquisition were not disclosed.

$GFF {{ '2017-09-06T14:09:51+0000' | timeago}} • Announcement

$GFF said it entered into a definitive agreement to acquire ClosetMaid Corporation from $EMR for $260MM. The company expects to close the transaction by end of Sept. 2017.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$EMR {{ '2017-06-21T10:54:21+0000' | timeago}} • Announcement

Tech company $EMR has launched a new dual-mode wireless gateway, expanding its wireless portfolio. The gateway supports IEC 62951 WirelessHART and ISA100.11a industrial wireless communications standards. Emerson said an upcoming release of its dual-mode wireless gateway will be integrated into the Cisco 1552WU.

$EMR {{ '2017-06-12T21:19:56+0000' | timeago}} • Announcement

$EMR signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh. The agreement will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.

$EMR {{ '2017-05-11T20:57:45+0000' | timeago}} • Announcement

$EMR announced the launch of an additional $63MM in strategic investments for its InSinkErator's Southeast Wisconsin operations, including nearly $34MM for a new headquarters and lab facility to be built in Mount Pleasant. $EMR also announced $29MM in planned improvements at InSinkErator’s manufacturing facility in Racine.

$EMR {{ '2017-05-02T21:24:19+0000' | timeago}} • Webcast

$EMR elected Gloria Flach, corporate VO and COO of $NOC, to its BoD. Flach will serve on the board's compensation committee and finance committee.

$EMR {{ '2017-05-02T19:48:31+0000' | timeago}} • Webcast

$EMR said North America market is recovering and expects to see positive order trends in FY17. The company expects to see improvements in the U.S., Western Europe, China and Rest of Asia, while Canada still expected to be negative for the year.

$EMR {{ '2017-05-02T19:31:22+0000' | timeago}} • Webcast

For Commercial & Residential Solutions business, $EMR expects solid mid-single digit organic sales growth in 3Q17. The company sees lower than 5% organic sales growth in 4Q17 on back of strong sales in 4Q16.

$EMR {{ '2017-05-02T19:06:29+0000' | timeago}} • Webcast

In terms of capital deployment, $EMR continues to bid aggressively on both Automation Solutions and Commercial & Residential Solutions acquisitions, but did not see any success yet. The company said it will be looking to land about $500MM of acquisitions in the next five to six months or will be driving buyback program back in the $300-500MM level.

$EMR {{ '2017-05-02T12:51:05+0000' | timeago}} • Announcement

Industrial engineering company $EMR reported 21% drop in 2Q17 earnings with a flat revenue, mainly due to impact from discontinued operation. Net earnings fell to $292 from $369 per share. Diluted EPS fell 21% to $0.45 from $0.57. Revenues were flat at $3.6Bil.

$CR {{ '2017-05-01T12:38:01+0000' | timeago}} • Announcement

Highly engineered industrial products manufacturer $CR acquired Westlock Controls from $EMR for cash consideration of $40MM. Westlock, with primary operations located in Saddle Brook, New Jersey, had 2016 sales of approx. $32MM.

$PNR {{ '2017-05-01T11:46:24+0000' | timeago}} • Announcement

$PNR has completed the sale of its Valves & Controls business to Emerson Electric Co. $EMR for $3.15Bil, subject to customary working capital adjustments.

$EMR {{ '2017-05-01T10:56:38+0000' | timeago}} • Announcement

$EMR closed purchase of the Valves & Controls business from $PNR for $3.15Bil. The business will be integrated into $EMR's Automation Solutions platform.

$EMR {{ '2017-04-04T15:05:16+0000' | timeago}} • Announcement

$EMR provided update to Pentair Valves & Controls acquisition. $EMR has already entered into an agreement subject to Federal Trade Commission approval to divest a business within Pentair's Valves & Controls business which is not material to the underlying objectives with which it entered into the acquisition.

$EMR {{ '2017-04-04T15:03:25+0000' | timeago}} • Announcement

$EMR said it has a clear understanding of what is required to receive the final regulatory approvals from the U.S. Federal Trade Commission and the Mexican Federal Economic Competition Commission for completion of the acquisition of Pentair's Valves & Controls business.

$EMR {{ '2017-03-27T12:52:33+0000' | timeago}} • Announcement

$EMR opened an advanced additive manufacturing center at its Singapore campus. This is $EMR's second location to have additive manufacturing capabilities.

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