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Tag Archives: a maker of factory automation equipment

Emerson Electric to sell network power unit for US$4 billion

REUTERS: Emerson Electric Co , a maker of factory automation equipment, said it would sell its network power unit to investment firm Platinum Equity in a deal valued at US$4 billion. Emerson will retain a subordinated interest in the unit, which will continue to be led by Scott Barbour, executive vice president of Emerson and business leader for the network ...

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