EMERSON ELECTRIC CO

Emerson Electric Co. is a global technology and software company that offers innovative solutions to customers across various end markets worldwide. Through its automation portfolio, Emerson assists process, hybrid, and discrete manufacturers in optimizing operations, safeguarding personnel, reducing emissions, and achieving sustainability objectives. In 2025, sales by geographic destination were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (with China accounting for 10 percent); and Europe, 19 percent. Portfolio management is a key part of Emerson's growth and value creation strategy. Over the past three years, the company has transformed its portfolio by completing strategic acquisitions and divesting non-core businesses to create a cohesive, higher-growth, higher-margin industrial technology portfolio, establishing itself as a global automation leader serving diverse end markets. On March 12, 2025, Emerson completed the purchase of the remaining outstanding common stock of AspenTech for approximately $7.2 billion, making AspenTech a wholly owned subsidiary. AspenTech's results, previously a separate segment, are now consolidated into the Control Systems & Software segment. On October 11, 2023, Emerson acquired National Instruments Corporation ("NI") for an equity value of $8.2 billion. NI, which provides software-connected automated test and measurement systems, had revenues of approximately $1.7 billion and pretax earnings of approximately $170 for the 12 months ended September 30, 2023.