Nearly a year after Ferguson, Missouri-based Emerson first launched its campaign to acquire Austin, Texas-based National Instruments, it has struck a deal that values the company at $8.2 billion.
Emerson has been attempting to push National Instruments to the bargaining table for an acquisition since May of 2022. In January, Emerson publicly disclosed the details of its attempts, in an effort to build support from National Instruments' shareholders.
The deal is part of Emerson's goals to grow the company's automation solutions business. Emerson CEO Lal Karsanbhai said in a statement Wednesday that it will diversify his company and broaden its customer base.
