Emerson Retools: Acquires Textron's Tools and Test Equipment Business for $810 million
Wide-moat Emerson announced that it would acquire Textron's tools and test equipment business for $810 million. With the purchase Emerson gets some solid tool brands like Greenlee and Klauke, as well as a leading portfolio of diagnostic and joining technologies. In addition, the deal grows Emerson's exposure in Europe to roughly 12% of Tools & Home Products sales up from just 7% today. The deal makes strategic sense and we think Emerson is well-positioned to optimize this business, which had...Emerson Electric is a company that brings technology and engineering together to provide solutions for customers in a range of industrial, commercial and consumer markets around the world. The company 's segments are: Automation Solutions, which provides measurement and analytical instrumentation, valves, actuators and regulators, industrial solutions, and process control systems and solutions; Climate Technologies, which provides products and services for residential heating and cooling, commercial air conditioning, commercial and industrial refrigeration, and cold chain management; and Tools and Home Products, which provides tools for personnel and homeowners and appliance solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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