Emerson closes purchase of Chloride

Emerson (EMR), St. Louis, announced it has completed its acquisition of U.K.-based power protection powerhouse Chloride Group PLC, which now joins Emerson Network Power. This acquisition helps drive Emerson's long-term global growth strategy for uninterruptible power supply (UPS) and integrated data center solutions. As previously announced, the purchase price was approximately $1.5 billion.

Release via MarketWatch