Emerson acquires NI 25 October 2023
Emerson has acquired NI, a provider of software-connected automated test and measurement systems, as part of a $8.2 billion deal.
The acquisition expands Emerson’s opportunity to capitalise on trends such as nearshoring, sustainability and decarbonisation.
NI will become a new reported segment within Emerson called test & measurement and will be consolidated into the software and control group. The test & measurement business will continue to be headquartered in Austin, Texas.
Ritu Favre has been appointed to lead the test & measurement segment as business group president. Favre joined NI in 2019 as senior vice president and general manager of the semiconductor business and was promoted to executive vice president of business units in 2022.
Emerson chief executive officer Lal Karsanbhai (pictured) said: “Our acquisition of NI is a significant milestone in our efforts to transform Emerson and realise our vision of increasing growth, cohesiveness and end market diversification across Emerson’s portfolio.”
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