Press release from Business Wire
Emerson Completes Chloride Acquisition
<p class=' bwtextaligncenter'> <i>Now Part of Emerson Network Power; Broadens Global Power Capability</i> </p>
Friday, September 03, 2010
Emerson Completes Chloride Acquisition07:00 EDT Friday, September 03, 2010 ST. LOUIS (Business Wire) -- Emerson (NYSE: EMR) today announced it completed its acquisition of Chloride Group PLC, which now joins strong global product brands within Emerson Network Power. This acquisition helps drive Emerson's long-term global growth strategy for uninterruptible power supply (UPS) and integrated data center solutions. As previously announced, the purchase price was approximately $1.5 billion. Rapid growth in data traffic and a critical business need for high availability is driving the need for power continuity solutions, and Emerson is positioning itself in a significant way to support fast-growing communications and computing infrastructure markets. Emerson will host a brief presentation to discuss this transaction and other acquisition and divestiture activity at 1:30 p.m. Central Time (2:30 p.m. Eastern Time) on Thursday, Sept. 9. A live webcast of the presentation will be available in the Investor Relations area of Emerson's Web site at www.Emerson.com/financial at the time of the event, and an archive replay will be available for approximately one week. About Emerson Network Power Emerson Network Power, a business of Emerson (NYSE:EMR), is the global leader in enabling Business-Critical Continuity™ from grid to chip for telecommunication networks, data centers, health care and industrial facilities. Emerson Network Power provides innovative solutions and expertise in areas including AC and DC power and precision cooling systems, embedded computing and power, integrated racks and enclosures, power switching and controls, infrastructure management, and connectivity. All solutions are supported globally by local Emerson Network Power service technicians. Learn more about Emerson Network Power products and services at www.EmersonNetworkPower.com. About Emerson Emerson, based in St. Louis, Missouri, USA, is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2009 were $20.9 billion. For more information, visit www.Emerson.com.