Bloomberg News

Emerson Considers Alternatives for Power Transmission Unit

June 27, 2014

Emerson Electric Co. (EMR:US) is studying strategic alternatives for its power transmission solutions unit as it considers possible acquisitions or divestments.

The Florence, Kentucky-based division, with 2013 revenue of more than $600 million and 3,000 employees worldwide, makes couplings, bearings and conveying components under brands such as Browning and Jaure, Emerson said today in a statement. A decision will be announced by yearend.

Emerson, a St. Louis, Missouri-based manufacturer of equipment for power plants and technology for refrigerators, has sold units for a combined $456 million in the past five years and spent $3.5 billion on buying businesses, data combined by Bloomberg show. Chief Executive Officer David Farr said in November that he planned $1.5 billion of acquisitions in 2014.

The shares have fallen 4.9 percent this year, while the Standard & Poor’s 500 Industrials Index gained 3.1 percent.

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net

To contact the editors responsible for this story: James Boxell at jboxell@bloomberg.net Cecile Daur, Molly Schuetz


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Companies Mentioned

  • EMR
    (Emerson Electric Co)
    • $59.74 USD
    • 0.53
    • 0.89%
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