Emerson to Acquire Mot ECC
Motorola’s ECC business is a leading provider of embedded computing products and services to communication infrastructure and equipment manufacturers in telecommunications, medical imaging, defense and aerospace and industrial automation. Based in Tempe, Arizona, Motorola’s ECC business has approximately 1,100 employees. The business has driven open standards and pioneered technologies based upon them since it was formed in 1980.
For Emerson, the transaction enhances its ability to meet the embedded computing needs of customers in telecommunications and other industries. Motorola’s ECC business brings complementary advanced technology and leverages existing marquee customer relationships with Emerson Network Power’s embedded computing and embedded power businesses.
For Motorola, the transaction sharpens its focus on its core businesses and technologies and provides additional capital to drive further growth and enhance shareholder value.
“We are excited to add Motorola’s Embedded Communications Computing business to the Emerson portfolio of businesses,” said David N. Farr, chairman, chief executive officer and president, Emerson. “The combination of Motorola’s ECC business with the $100 million embedded computing business we acquired as part of Artesyn last year establishes Emerson as a leader in the embedded computing industry. Through this transaction, Emerson can provide greater capabilities to our customers as they adopt advanced new technologies and expand applications for their customers.”
Emerson Electric Co.
Motorola Inc. (NYSE: MOT)