Emerson Electric to acquire National Instruments for $8.2 billion
WASHINGTON (Reuters) - U.S. industrial group Emerson Electric agreed on Wednesday to buy National Instruments (NI) for $8.2 billion, ending a nearly year-long acquisition of the measurement equipment maker.
Emerson President and CEO Lal Karsanbhai said in an official statement, "With the expansion into test and measurement, Emerson will enhance its automation capabilities and gain access to a broader customer base that is critical to the product development cycle. Rely on NI solutions at all times. These capabilities allow Emerson to diversify into attractive and growing discrete markets such as semiconductors and electronics, transportation and electric vehicles."
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