Emerson Completes Tools & Test Acquisition
July 02 2018 - 1:13PM
Business Wire
The deal joins the highly respected Greenlee
and Klauke electrical products brands with Emerson’s RIDGID
plumbing products brand, creating an unparalleled professional
tools offering
Emerson (NYSE: EMR) today announced it has completed the
purchase of Tools & Test, a leading manufacturer of electrical
and utility tools, diagnostics, and test and measurement
instruments. Tools & Test will be combined with Emerson’s Ridge
Tool business unit, forming a $1+ billion global professional tools
business serving mechanical, electrical and plumbing
contractors.
Tools & Test’s expertise in electrical joining and
diagnostics complements Emerson’s RIDGID portfolio of technologies
for mechanical and plumbing applications, creating the broadest
professional tools and technologies portfolio serving the safety
and efficiency needs of the professional trades.
Headquartered in Rockford, Ill., Tools & Test has 2,300
employees and 11 manufacturing locations globally.
Click here to view the original acquisition announcement and see
also the accompanying presentation, or go to
Emerson.com/financial.
About EmersonEmerson (NYSE:
EMR), headquartered in St. Louis, Missouri (USA), is a global
technology and engineering company providing innovative solutions
for customers in industrial, commercial, and residential markets.
Our Emerson Automation Solutions business helps process, hybrid,
and discrete manufacturers maximize production, protect personnel
and the environment while optimizing their energy and operating
costs. Our Emerson Commercial & Residential Solutions business
helps ensure human comfort and health, protect food quality and
safety, advance energy efficiency, and create sustainable
infrastructure. For more information, visit Emerson.com.
Forward-Looking and Cautionary
StatementsStatements in this press release that are not
strictly historical may be “forward-looking” statements, which
involve risks and uncertainties, and Emerson undertakes no
obligation to update any such statements to reflect later
developments. These risks and uncertainties include economic and
currency conditions, market demand, pricing, protection of
intellectual property, and competitive and technological factors,
and the impact of the Tax Cuts and Jobs Act, among others, as set
forth in the Company’s most recent Annual Report on Form 10-K and
subsequent reports filed with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20180702005833/en/
EmersonInvestor Contact:Tim Reeves, 314-553-2197orMedia
Contact:Dave Baldridge, 314-982-7782
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