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Emerson has announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by December 31, 2016, subject to customary regulatory approvals. “This agreement marks a major milestone in the strategic portfolio re-positioning we announced last June,” said David N. Farr, Chairman and Chief Executive Officer of Emerson. “By selling Network Power to Platinum Equity, we have achieved a successful...

Emerson Network Power, has announced the ‘Rain Gain’ program for the July-Sept 2016 quarter. This channel incentive program is designed to reward Value Added Resellers (VAR) and channel partners through PAYBACK points for sales of Emerson’s small and micro uninterruptible power supply (UPS) products (up to 20 kVA). The Rain Gain program is valid for a time period of three months from July 01, 2016 to September 31, 2016. Emerson Network Power has formulated this program, keeping in mind the interests and benefits of partners as they are an integral...