Emerson to Acquire Artesyn Technologies for $500M
St. Louis-based $17.3 billion Emerson will buy Florida-based Artesyn Technologies for about $500 million in cash. Artesyn will become part of Emerson Network Power, pending customary regulatory approvals and approval by Artesyn shareholders.
Artesyn provides original equipment manufacturers (OEMs) with advanced power conversion equipment as well as hardware and software subsystems for a range of communication applications.
'Artesyn's focus on technology, global presence and complementary marquee customer relationships make it a great strategic fit with Emerson Network Power to help us better serve important customers in key markets around the world,' said David N. Farr, Emerson chairman, CEO and president.
Artesyn Technologies, headquartered in Boca ...