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Emerson acquires NI (National Instruments) for $8.2 billion

October 16, 2023

• Emerson acquires NI (National Instruments) for $8.2 billion, strengthening its global automation leadership and continued expansion into the EV industry

NI’s portfolio of software, control, and intelligent devices is expected to speed up Emerson’s revenue growth towards its 4-7% organic growth target. The acquisition also broadens Emerson’s market exposure in discrete markets, making it the company’s second-largest industry segment. Approximately 20% of sales in software from NI further enhance Emerson’s presence in high-growth industrial software markets.

Emerson President and CEO Lal Karsanbhai commented on the acquisition: “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. 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.”

NI will operate as a new reported segment within Emerson called Test & Measurement, under the Software and Control group. The business will remain headquartered in Austin, Texas. It reported $1.66 billion revenue in 2022 and operates in over 40 countries, serving around 35,000 customers across semiconductor and electronics, transportation, aerospace, and defense markets.

Ritu Favre has been appointed as the Business Group President of the Test & Measurement segment. With over 30 years of technology experience, she is expected to drive growth across the semiconductor and electronics; aerospace, defense, and government; transportation; and portfolio business units. “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”, said Ms. Favre.