On the Record · Emerson Electric

Emerson Electric acquisitions, on the record

The businesses Emerson Electric bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
National Instruments Corporation ("NI") Word for word“On October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion.” 10-K for 2023	acquisition	On October 11, 2023	an equity value of $8.2 billion
Climate Technologies business (majority stake, to private equity funds managed by Blackstone) Word for word“On May 31, 2023, the Company completed the previously announced sale of a majority stake in its Climate Technologies business (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc which was divested earlier in 2022) to private equity funds managed by Blackstone in a $14.0 billion transaction.” 10-K for 2023	divestiture	On May 31, 2023	a $14.0 billion transaction
InSinkErator business (to Whirlpool Corporation) Word for word“On October 31, 2022, the Company completed the divestiture of its InSinkErator business, which manufactures food waste disposers, to Whirlpool Corporation for $3.0 billion, and the Company recognized a pretax gain of approximately $2.8 billion (approximately $2.1 billion after-tax) in 2023.” 10-K for 2023	divestiture	On October 31, 2022	$3.0 billion
Therm-O-Disc sensing and protection technologies business (to an affiliate of One Rock Capital Partners, LLC) Word for word“On May 31, 2022 the Company completed the divestiture of its Therm-O-Disc sensing and protection technologies business to an affiliate of One Rock Capital Partners, LLC.” 10-K for 2023	divestiture	On May 31, 2022	—
Heritage AspenTech (Aspen Technology, Inc.) with Open Systems International, Inc. and the Geological Simulation Software business contributed Word for word“On May 16, 2022, the Company completed the transactions contemplated by its definitive agreement with Aspen Technology, Inc. ("Heritage AspenTech") to contribute two of Emerson's stand-alone industrial software businesses, Open Systems International, Inc. and the Geological Simulation Software business (collectively, the “Emerson Industrial Software Business”), along with approximately $6.0 billion in cash to Heritage AspenTech stockholders, to create "New AspenTech", a diversified, high-performance industrial software leader with greater scale, capabilities and technologies (defined as "AspenTech" herein).” 10-K for 2023	merger	On May 16, 2022	approximately $6.0 billion in cash to Heritage AspenTech stockholders
Metran, Emerson's Russia-based manufacturing subsidiary Word for word“On March 31, 2023, Emerson completed the divestiture of Metran, its Russia-based manufacturing subsidiary.” 10-K for 2023	divestiture	On March 31, 2023	—
Flexim and Afag Word for word“In 2023, the Company acquired two businesses, Flexim, which will be reported in the Measurement & Analytical segment, and Afag, which will be reported in the Discrete Automation segment, for $705, net of cash acquired.” 10-K for 2023	acquisition	In 2023	$705, net of cash acquired
Open Systems International, Inc. (OSI) Word for word“On October 1, 2020, the Company completed the acquisition of Open Systems International, Inc. (OSI), a leading operations technology software provider in the global power industry, for approximately $1.6 billion, net of cash acquired.” 10-K for 2023	acquisition	On October 1, 2020	approximately $1.6 billion, net of cash acquired

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-09-30	$132 million	—	$83 million
2017-09-30	$2.99 billion	—	$1.49 billion
2018-09-30	$2.2 billion	—	$1.19 billion
2019-09-30	$469 million	—	$210 million
2020-09-30	$126 million	—	$82 million
2021-09-30	$1.59 billion	$30 million	$990 million
2022-09-30	$5.7 billion	$17 million	$7.33 billion
2023-09-30	$705 million	$0	$429 million
2024-09-30	$8.34 billion	$0	$3.44 billion
2025-09-30	$37 million	—	$32 million

Deal filings since 2016

2026-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-04-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-08-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Emerson Electric’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.