Video by Yahoo Financial
ST. LOUIS, Mo. (KMOV) – After threatening to pull its headquarters out of the metro area last fall, Emerson Electric announced it has made a major purchase, strengthening its position here.
After nearly a year old negotiation, Emerson has agreed to pay $8.2 billion for Austin, Texas-based national instruments.
This is part of Emerson’s goal to grow its automation solutions business.’
Emerson’s CEO said this would diversify the company and broaden its customer base.
