NATIONAL INSTRUMENTS CORPORATION acquired by EMERSON

In October 2023, Emerson completed the acquisition of National Instruments (NI), marking a significant strategic milestone in the industrial automation and test and measurement technologies sector. This acquisition aligns with Emerson's strategy to bolster its global position in industrial software and connected solutions. NI has been integrated as a new reporting segment, dubbed "Test & Measurement," within Emerson's Software and Control division, substantially expanding the company's exposure to the semiconductor, electronics, aerospace, and transportation markets while increasing its share of high-growth industrial software revenue. The transaction is expected to generate substantial operational synergies, estimated at approximately $165 million over five years, by leveraging best-in-class industry practices and integrating the technological platforms of both companies. This move is set to accelerate Emerson's organic growth, in line with its 4-7% cycle target, while enhancing margins and revenue diversification. With this acquisition, Emerson reinforces its goal of becoming a global leader in integrated automation, combining software, control, and advanced instrumentation to support industrial customers in their productivity, sustainability, and digitalization endeavors.