Emerson Final Buyer of Chloride Group for $1.5 Billion
After a bidding war between ABB and Emerson for buying the British company Chloride Group, Emerson finally won. The win cost Emerson $1.5 billion dollars. ABB had offered $1.25 billion earlier. Emerson, mostly known for their industrial process solutions now finds its door to the $8 billion / year business of uninterrupted power systems.
Wall Street Journal has a good article going into more depth about the Emerson acquisition of Chloride Group.
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Check out what others are saying about this post...[...] billion in cash. They tried to buy Chloride Group for $1.25 billion and got outbid by Emerson for $1.5 billion. ABB pulled out of that bidding war. Now the question is whether ABB will try to buy any other [...]