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Emerson Completes Tools & Test Acquisition

Source: www.gulfoilandgas.com 7/2/2018, Location: North America

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Emerson (EMR) has completed the purchase of Tools & Test, a leading manufacturer of electrical and utility tools, diagnostics, and test and measurement instruments. Tools & Test will be combined with Emerson’s Ridge Tool business unit, forming a $1+ billion global professional tools business serving mechanical, electrical and plumbing contractors.

Tools & Test’s expertise in electrical joining and diagnostics complements Emerson’s RIDGID portfolio of technologies for mechanical and plumbing applications, creating the broadest professional tools and technologies portfolio serving the safety and efficiency needs of the professional trades.

Headquartered in Rockford, Ill., Tools & Test has 2,300 employees and 11 manufacturing locations globally.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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