Emerson Electric sees National Instruments acquisition ‘immediately accretive’

The transaction is expected to be immediately accretive to adjusted EPS and Emerson’s (EMR) long-term financial targets outlined at Emerson’s 2022 Investor Conference. NI’s (NATI) strong positions in attractive and growing markets are expected to deliver sustainable underlying growth aligned to Emerson’s 4%-7% through-the-cycle underlying growth target. NI also brings significant recurring revenue and immediate gross margin accretion to the combined Emerson portfolio. The combination of strong growth, attractive gross margins and the synergy potential to expand operating margins all contribute to returns in line with Emerson’s communicated returns criteria.