In 2023, Emerson acquired Flexim (flow measurement) and Afag (automation) for a combined $705 million (net of cash acquired). It also completed the $8.2 billion acquisition of National Instruments (NI) after fiscal year-end. These deals expanded its test & measurement and discrete automation capabilities.
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.