In 2023, underlying (organic) sales grew 10%, while acquisitions (mainly AspenTech and NI) contributed 3% to total sales growth. Foreign exchange fluctuations had a -2% impact, and divestitures reduced sales by 1%. The company's growth strategy balances both M&A and internal expansion.
Underlying sales were up 10 percent on 6 percent higher volume and 4 percent higher price. Foreign currency translation subtracted 2 percent, the Heritage Aspen Tech acquisition added 3 percent and the divestiture of Metran, Emerson's Russia-based manufacturing subsidiary, deducted 1 percent.