Emerson to Spin Off Network Power Business - Modern Distribution Management

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Emerson to Spin Off Network Power Business

Exploring strategic alternatives for motors and drives, power generation and storage businesses.
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Emerson (NYSE: EMR), St. Louis, MO, plans to spin off its Network Power business in order to streamline its portfolio, drive growth and accelerate value creation for shareholders.

"Emerson and Network Power will each have sharper strategic focus, enabling both companies to better allocate resources, incentivize employees and allocate capital to capture the significant long-term opportunities in their respective markets," said CEO David Farr.

The company will also explore strategic alternatives for its motors and drives, power generation and remaining storage businesses.

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