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Emerson closes purchase of EGS Electrical

January 8, 2014
Times-Republican

ST. LOUIS - Emerson on Thursday announced that it has closed the transaction acquiring SPX Corporation's 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business. Emerson and SPX have jointly held the business since 1997, with Emerson responsible for operational management and control. Results for the business, which had annual revenues in 2013 of more than $500 million, have been consolidated in Emerson's Industrial Automation segment.

 
 
 

 

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