Emerson: NI To Become New Test & Measurement Segment - Quick Facts

(RTTNews) - Emerson (EMR) has closed its acquisition of NI (NATI), a provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion. NI's common stock has ceased trading on the Nasdaq. NI will become a new reported segment within Emerson called Test & Measurement. It will be consolidated into the Software and Control group. The company appointed Ritu Favre to lead the Test & Measurement segment as Business Group President.

"Our acquisition of NI is a significant milestone in our efforts to transform Emerson and realize our vision of increasing growth, cohesiveness and end market diversification across Emerson's portfolio," said Emerson CEO Lal Karsanbhai.