Emerson To Acquire Avocent For $1.2 Billion

**MIG-31** · Oct 6, 2009, 06:11 PM

In a move likely to improve energy efficiency options in data centers, industrial equipment maker Emerson Electric Co. is set to acquire IT solutions provider Avocent Corp. for $1.2 billion. The price represents a 22% premium over Avocent stock's last closing price.

Both companies already have substantial representation in IT data centers and the acquisition will help Emerson to offer total infrastructure management solutions to its data center customers. Nearly 50% of Avocent's customers are located outside the U.S. The Huntsville, Alabama, IT firm had sales of $657 million in 2008 while Emerson, headquartered in St. Louis, recorded sales of nearly $25 billion.
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Source: Information Week

Oct 6, 2009, 06:11 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	Emerson To Acquire Avocent For $1.2 Billion In a move likely to improve energy efficiency options in data centers, industrial equipment maker Emerson Electric Co. is set to acquire IT solutions provider Avocent Corp. for $1.2 billion. The price represents a 22% premium over Avocent stock's last closing price. Both companies already have substantial representation in IT data centers and the acquisition will help Emerson to offer total infrastructure management solutions to its data center customers. Nearly 50% of Avocent's customers are located outside the U.S. The Huntsville, Alabama, IT firm had sales of $657 million in 2008 while Emerson, headquartered in St. Louis, recorded sales of nearly $25 billion. ____________ Source: Information Week __________________ Please Post Your News Submissions Here