International. Emerson announced plans for the Network Power business to transition via tax-free distribution to shareholders as part of a plan to coordinate its portfolio, increase profits and accelerate value creation for its shareholders.
Emerson will also explore strategic alternatives for its engines and devices, power generation and other storage businesses. In addition, the company will conduct a complete review and evaluation of its corporate services and structure to align them with a more precise and smaller-scale approach.
Network Power's transition will result in two separate companies with different strategies and different investment profiles. The company believes that these actions offer significant opportunities to improve growth, profits, cash flows and returns for shareholders.
As a public company, Network Power will be the independent global provider of thermal management, AC and CD power, transfer switches, services and infrastructure management systems for the data center and telecommunications industries.
Network Power will have a broad portfolio of products, including a portfolio of hardware, software and intelligent implementation services for power, thermal management and infrastructure management.
