Emerson Electric (NYSE: EMR) designs and supplies product technology and delivers engineering services in a range of industrial, commercial and consumer markets.
Emerson has announced plans to focus on high growth businesses, especially factory automation equipment, process management, and commercial and residential heating and air conditioning businesses.
In 2014, the power transmission business, which made couplings, bearings and gearing components, was sold to Regal Beloit Corp.
In 2015, the company announced plans to spin off its network power business for telecommunications and data networks sold under the Emerson Network Power, Aperture, Avocent and Chloride brandnames.
Emerson will explore "strategic alternatives" for its motors and drives, power generation and remaining storage businesses in its industrial automation unit.