Major 2023 investments included $705 million for Flexim/Afag acquisitions and $363 million in capital expenditures. Post-year-end, it committed $8.2 billion for NI. R&D spending reached 6.9% of sales as the company invested in automation technologies.
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. ... On October 11, 2023, subsequent to Emerson's fiscal year-end, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of \$8.2 billion. ... Capital Expenditures ... \$363 ... Total spending for R&D, engineering expense and customer-funded engineering and development was 6.9 percent of sales in 2023