Emerson Closes Purchase of EGS Electrical and Renames to Appleton Group

  Emerson Closes Purchase of EGS Electrical and Renames to Appleton Group

Business Wire

ST. LOUIS -- January 7, 2014

Emerson (NYSE: EMR) today announced that it has closed the transaction
acquiring SPX Corporation’s 44.5 percent minority interest in EGS Electrical
Group, giving it 100 percent ownership of the business. Emerson and SPX have
jointly held the business since 1997, with Emerson responsible for operational
management and control. Results for the business, which had annual revenues in
2013 of more than $500 million, have been consolidated in Emerson’s Industrial
Automation segment.

As announced in December, the transaction allows Emerson to focus on emerging
growth opportunities in the oil, gas and chemical industries through its
strong Process Management and international channels. Market repositioning
actions to pursue these opportunities are already underway, including renaming
the business unit to Appleton Group, reflecting its most recognized brand. The
transaction is expected to be slightly accretive to earnings per share in
2014.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in
bringing technology and engineering together to provide innovative solutions
for customers in industrial, commercial, and consumer markets around the
world. The company is comprised of five business segments:Process Management,
Industrial Automation, Network Power, Climate Technologies, and Commercial &
Residential Solutions. Sales in fiscal 2013 were $24.7 billion. For more
information, visit www.Emerson.com.

Contact:

Emerson
Lisa Hanly, 314-982-9182
lisa.hanly@fleishman.com