Deal to purchase Textrons Tools and Test Equipment business creates $1 billion professional tools division.
Latest In Emerson
Commercial & residential solutions sales were flat year over year.
ProSys will complement Emersons May 2017 acquisition of MYNAH Technologies.
Cooper-Atkins will serve as a complement to Emersons global cold chain business.
The proposed transaction was originally valued at $29 billion.
The proposed transaction is valued at $29 billion.
The acquisition will help further position the company as a provider for pipeline operations management.
Company selling business to Griffon Corp. for $260 million.
Sales for the first nine months increased 2 percent year-over-year.
Fourth-quarter sales decreased 6.5 percent year-over-year.
Sale narrows company's focus to three segments.
Company's third quarter sales decreased 7 percent year-over-year.
Sales declined in all geographic regions except for the Middle East/Africa.
Exploring strategic alternatives for motors and drives, power generation and storage businesses.
