Emerson Completes Acquisition of NI, Advancing Global Automation Leadership
艾默生完成對(duì)NI的收購，提升全球自動(dòng)化領(lǐng)導(dǎo)地位

NI to become new Test & Measurement segment within Emerson
NI將成為艾默生內(nèi)部新設(shè)的測(cè)試與測(cè)量部門

ST. LOUIS (October 11, 2023) – Emerson (NYSE: EMR) today announced it has closed its acquisition of NI (Nasdaq: NATI), a leading provider of software-connected automated test and measurement systems, at an equity value of $8.2 billion.

圣路易斯，2023年10月11日——艾默生(紐約證券交易所代碼:EMR)今天宣布，已經(jīng)完成了對(duì)軟件連接自動(dòng)化測(cè)試和測(cè)量系統(tǒng)的領(lǐng)先供應(yīng)商N(yùn)I(納斯達(dá)克代碼:NATI)的收購，股權(quán)價(jià)值為82億美元。

The acquisition of NI advances Emerson’s position as a global automation leader and expands its opportunity to capitalize on key secular trends like nearshoring, digital transformation, and sustainability and decarbonization. NI brings a portfolio of software, control and intelligent devices that is expected to accelerate Emerson’s revenue growth aligned to its 4-7% through the cycle organic growth target. NI increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment, and with approximately 20% of sales in software, NI also increases Emerson’s exposure to high-growth industrial software markets. NI increases Emerson’s gross profit, with further adjusted EBITA margin expansion opportunities as Emerson delivers an expected $165 million of cost synergy opportunities by the end of year 5 through application of best practices from the Emerson Management System.

收購NI提升了艾默生作為全球自動(dòng)化領(lǐng)導(dǎo)者的地位，并擴(kuò)大了其利用關(guān)鍵長期趨勢(shì)的機(jī)會(huì)，如離岸外包、數(shù)字化轉(zhuǎn)型、可持續(xù)發(fā)展和去碳化。NI帶來了軟件、控制和智能設(shè)備的產(chǎn)品組合，預(yù)計(jì)將加快艾默生的收入增長，使其通過周期有機(jī)增長目標(biāo)達(dá)到4-7%。NI增加了艾默生在離散市場(chǎng)的終端市場(chǎng)份額，離散市場(chǎng)將成為艾默生的第二大產(chǎn)業(yè)部門，大約20%的銷售額來自軟件，NI還增加了艾默生在高增長工業(yè)軟件市場(chǎng)的份額。由于艾默生通過應(yīng)用艾默生管理系統(tǒng)的最佳實(shí)踐，到第5年年底實(shí)現(xiàn)了1.65億美元的成本協(xié)同機(jī)會(huì)，因此NI增加了艾默生的毛利，并進(jìn)一步調(diào)整了EBITA的利潤增長機(jī)會(huì)。

“Our acquisition of NI is a significant milestone in our efforts to transform Emerson and realize our vision of increasing growth, cohesiveness and end market diversification across Emerson’s portfolio,” said Emerson President and Chief Executive Officer Lal Karsanbhai. “We are pleased to welcome NI employees to Emerson and benefit from our shared visions and cultures, including our mutual commitment to innovation, operational excellence and sustainability. Together, we look forward to providing our customers more innovative and differentiated products, executing on our synergy targets and delivering increased shareholder value.”

“收購NI是我們努力改造艾默生并實(shí)現(xiàn)艾默生產(chǎn)品組合增長、凝聚力和終端市場(chǎng)多元化愿景的一個(gè)重要里程碑，”艾默生總裁兼首席執(zhí)行官Lal Karsanbhai表示。“我們很高興歡迎NI員工加入艾默生，并從我們共同的愿景和文化中受益，包括我們對(duì)創(chuàng)新、卓越運(yùn)營和可持續(xù)發(fā)展的共同承諾。我們期待共同為客戶提供更具創(chuàng)新性和差異化的產(chǎn)品，實(shí)現(xiàn)我們的協(xié)同目標(biāo)并增加股東價(jià)值。”

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. NI reported $1.66 billion in 2022 revenue and operates in more than 40 countries, serving approximately 35,000 customers across high-growth semiconductor and electronics, transportation and aerospace and defense markets.

NI將成為艾默生內(nèi)部一個(gè)名為測(cè)試和測(cè)量的新部門，并將并入軟件和控制集團(tuán)。測(cè)試和測(cè)量業(yè)務(wù)的總部將繼續(xù)設(shè)在德克薩斯州的奧斯汀。NI公布2022年收入為16.6億美元，在40多個(gè)國家開展業(yè)務(wù)，為高增長的半導(dǎo)體和電子產(chǎn)品、交通運(yùn)輸、航空航天和國防市場(chǎng)的約35，000家客戶提供服務(wù)。

Ritu Favre has been appointed to lead the Test & Measurement segment as Business Group President. Ms. 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, where she was responsible for driving growth across the semiconductor and electronics; aerospace, defense and government; transportation; and portfolio business units. She brings more than 30 years of technology experience to Emerson, with deep customer relationships and expertise on the emerging innovations and technologies driving electronic test and measurement forward.

Ritu Favre被任命為業(yè)務(wù)集團(tuán)總裁，領(lǐng)導(dǎo)測(cè)試與測(cè)量部門。Favre女士于2019年加入NI，擔(dān)任半導(dǎo)體業(yè)務(wù)高級(jí)副總裁兼總經(jīng)理，并于2022年晉升為業(yè)務(wù)部門執(zhí)行副總裁，負(fù)責(zé)推動(dòng)半導(dǎo)體和電子產(chǎn)品的增長；航空航天、國防和政府；運(yùn)輸; 和投資組合業(yè)務(wù)部門。她為艾默生帶來了 30 多年的技術(shù)經(jīng)驗(yàn)，在推動(dòng)電子測(cè)試和測(cè)量向前發(fā)展的新興創(chuàng)新和技術(shù)方面擁有深厚的客戶關(guān)系和專業(yè)知識(shí)。

“I am excited to lead Emerson’s newly formed Test & Measurement business group and build on NI’s strong foundation as we drive synergies, continue to enhance growth and profitability, and help to execute on Emerson’s strategy as an automation leader,” said Ms. Favre. “With a deep bench of talent, an impressive roster of customers and our strong combined innovation engine, we are well positioned to work closely with Emerson’s broader business to enhance our ability to solve our customers’ toughest test and measurement challenges.”

Favre女士表示：“我很高興能夠領(lǐng)導(dǎo)艾默生新成立的測(cè)試與測(cè)量業(yè)務(wù)團(tuán)隊(duì)，并以NI的堅(jiān)實(shí)基礎(chǔ)為基礎(chǔ)，推動(dòng)協(xié)同效應(yīng)，繼續(xù)提高增長和盈利能力，并幫助執(zhí)行艾默生作為自動(dòng)化領(lǐng)導(dǎo)者的戰(zhàn)略。憑借深厚的人才儲(chǔ)備、令人印象深刻的客戶名單以及強(qiáng)大的綜合創(chuàng)新引擎，我們完全有能力與艾默生更廣泛的業(yè)務(wù)部門密切合作，以增強(qiáng)我們解決客戶最嚴(yán)峻的測(cè)試和測(cè)量挑戰(zhàn)的能力。”

As a result of the transaction’s closing, NI’s common stock has ceased trading on the Nasdaq.

交易完成后，NI的普通股已停止在納斯達(dá)克交易。