Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets. Emerson has approximately 86,700 employees and 170 manufacturing locations.
|Predecessor||Emerson Electric Manufacturing Co.|
|Founded||September 24, 1890|
|Founder||John W. Emerson|
|Headquarters||Ferguson, Missouri, U.S.|
|Revenue||US$19.63 billion (2022)|
|US$4.09 billion (2022)|
|US$3.23 billion (2022)|
|Total assets||US$35.67 billion (2022)|
|Total equity||US$10.36 billion (2022)|
Number of employees
|c. 85,500 (2022)|
|Divisions||List of business platforms|
|Footnotes / references|
Emerson was established in 1890 in St. Louis, Missouri, as Emerson Electric Manufacturing Co. by Civil War Union veteran John Wesley Emerson to manufacture electric motors using a patent owned by the Scottish-born brothers Charles and Alexander Meston. In 1892, it became the first to sell electric fans in the United States. It quickly expanded its product line to include electric sewing machines, electric dental drills, and power tools.
During World War II, under the leadership of Stuart Symington, Emerson became the world's largest manufacturer of airplane armament. Emerson ranked 52nd among United States corporations in the value of World War II military production contracts.
In 1954, W.R. "Buck" Persons was named company president. Under his leadership, Emerson diversified it's business by acquiring 36 companies. When he retired in 1973, the company had 82 plants, 31,000 employees, and $800 million in sales.
Charles F. Knight served as CEO from 1973 to 2000, and was chairman from 1974 to 2004. His tenure marked the development of a rigorous planning process, new product and technology development, acquisitions and joint ventures, and international growth. David Farr succeeded him as chairman, and was also the CEO until 2021.
On December 15, 1999, Emerson Electric agreed to acquire Jordan Industries Inc.'s telecommunications equipment business for $440 million.
On December 1, 2016, Platinum Equity acquired the Emerson Network Power business for over $4 billion and rebranded it Vertiv. The acquisition included the brands ASCO, Chloride, Liebert, NetSure, and Trellis.
On April 1, 2020, Emerson acquired American Governor Company to boost its presence in the hydropower control systems market.
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Emerson Electric produces the AN/APQ series of avionics
The company's leaders since the mid-20th century have been, respectively, W. R. Persons (1954–1973; President), Charles Knight (1973–2000, CEO), and David Farr (2000–2021, CEO). The company's chair of the board have been Charles Knight (1974–2004), and David Farr (2004–2021). Jim Turley is the current Chair of the Board.
Environmental records Edit
In 2008 (using data from 2005), researchers at the University of Massachusetts Amherst identified Emerson as the 97th largest corporate producer of air pollution in the United States, down from its previous rank of 56th. Major pollutants indicated by the study include nickel compounds, manganese, diisocyanate, and lead.
Corporate relationships Edit
Emerson's brands acquisitions Edit
On December 22, 2014, Emerson announced the acquisition of Scotland-based Cascade Technologies Ltd., expanding their gas-analysis portfolio with laser-based measurement analyzers and systems for enhanced industrial emissions monitoring, production efficiencies, and regulatory compliance. Other main Emerson acquisitions and brands include:
- Advanced Protection Technologies
- AMS Suite
- American Governor Company
- APM Automation Solutions
- Alco Controls
- Appleton Group (formerly EGS Electrical Group)
- Artesyn (spun off on Jan 2014)
- ASCO International (sold to Schneider Electric in 2017)
- ASCO Numatics
- Astec (spun off on Jan 2014)
- Avtron Loadbank
- Bristol Babcock
- Cascade Technologies Ltd
- Chloride Group
- Chromalox (sold to JPMorgan Partners in 2003)
- Closet Maid (sold to Griffon Corp in late 2017)
- Control Products
- Control Techniques (sold to Nidec in early 2017)
- CSI Technologies
- Electronic Navigation Industries
- Enardo LLC
- Energy Systems
- Fisher Regulators
- Fisher Valves & Instruments
- Groveley Detection Ltd
- Intelligent Store
- Knurr (a business of Vertiv now)
- Leroy-Somer (sold to Nidec in early 2017)
- Liebert (a business of Vertiv now)
- Metro (InterMetro Industries)
- Micro Motion
- Open Systems International (pending sale late 2020)
- Paine Electronics
- Pentair Valves & Controls
- Plantweb Optics
- Power Transmission Solutions
- Progea Group
- ProSys, Inc.
- Pryne & Co., Inc.
- Ridgid (Ridge Tool Company)
- Rosemount Analytical
- Saab Marine Electronics
- Spence and Nicholson
- SSB Wind Systems (sold to Nidec in early 2017)
- Surge Protection
NBC Heroes lawsuit Edit
On October 2, 2006, Emerson filed suit in federal court against NBC regarding a scene that appeared in the pilot episode of the network's TV series Heroes. The scene depicted Claire Bennet reaching into an active garbage disposal, severely injuring her hand. Emerson's suit claims the scene "casts the disposer in an unsavory light, irreparably tarnishing the product" by suggesting that serious injuries will result "in the event consumers were to accidentally insert their hand into one."
Emerson asked for a ruling barring future broadcasts of the pilot and to block NBC from using any Emerson trademarks in the future.
On February 23, 2007, the case was dropped. NBC Universal and Emerson Electric settled the lawsuit outside of court.
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