Emerson (NYSE: EMR) today announced record net sales for fiscal 2007 of $22.6 billion, an increase of 12 percent from the prior year. Sales for the fourth quarter ended September 30, 2007 were $6.1 billion, an increase of 11 percent over the $5.5 billion reported in the same period last year.
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Emerson (NYSE: EMR) and Motorola, Inc. (NYSE: MOT) today announced that the two companies have entered into a definitive agreement under which Emerson will acquire Motorola’s Embedded Communications Computing (ECC) business for $350 million in cash. Motorola’s ECC business, which had 2006 revenue of approximately $520 million, will strengthen Emerson’s position in the $6 billion-and-growing merchant embedded computing industry.
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Four climate control products developed by Emerson Climate Technologies, a business of Emerson, recently received 2007 Dealer Design Awards from an independent panel of heating, air conditioning and refrigeration contractors convened by the industry’s leading news publication, the Air Conditioning, Heating & Refrigeration News.
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Company Leads CONTROL Magazine Readers' Choice Awards for 14th Consecutive Year
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PlantWeb Digital Technology to Monitor and Control Processes at Facility Serving More Than 2 Million Residents
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Acquisition further expands portfolio of valve automation and marine tank management solutions for global shipbuilding industry
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