Not Embedded for Long: Platinum Carving Out Emerson Division
August 09, 2013
Platinum Equity has agreed to purchase the embedded computer and power business of Emerson (NYSE: EMR) for about $300 million in cash. Platinum will own a 51% stake in the company and Emerson will retain a 49% noncontrolling interest. With 2012 revenue of approximately $1.4 billion, Emerson’s embedded computing and power business designs and supplies technologies used in communications and computing equipment.