Emerson to Sell Majority Stake in Climate Technologies to Blackstone

Emerson announced it is selling a majority stake in its Climate Technologies business to private equity funds managed by Blackstone. The transaction values the HVAC/R business segment at US$14.0 billion, with Emerson receiving approximately US$9.5 billion in cash and retaining a 45% equity stake in a new joint venture.

“Emerson is selling a majority stake in its Climate Technologies business to private equity funds managed by Blackstone in a transaction valuing the HVAC/R business segment at US$14.0 billion.”

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