M&A Deal Summary

Emerson Acquires Westinghouse Process Control Division

On May 26, 1998, Emerson acquired electronics company Westinghouse Process Control Division from Paramount for 265M USD

Acquisition Highlights
  • This is Emerson’s 2nd transaction in the Electronics sector.
  • This is Emerson’s 11th largest (disclosed) transaction.
  • This is Emerson’s 6th transaction in the United States.
  • This is Emerson’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 1998-05-26
Target Westinghouse Process Control Division
Sector Electronics
Buyer(s) Emerson
Sellers(s) Paramount
Deal Type Divestiture
Deal Value 265M USD

Target

Westinghouse Process Control Division

O'Hara Township, Pennsylvania, United States
PCD designs, manufactures and installs distributed control and information systems to the power generation, wastewater treatment, metals, chemical and other process industries worldwide.

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Buyer(S) 1

Buyer

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 9 of 66
Sector (Electronics) 2 of 2
Type (Divestiture) 1 of 11
State (Pennsylvania) 2 of 5
Country (United States) 6 of 42
Year (1998) 1 of 1
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-18 Computational Systems

Knoxville, Tennessee, United States

Computational Systems Inc. is a producer of products that monitor manufacturing equipment.

Buy $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-02 Kato Engineering

Mankato, Minnesota, United States

Kato Engineering is a manufacturer of electric generators for power plants based in Mankato, Minnesota.

Buy -

Seller(S) 1

SELLER

Paramount

New York, New York, United States
Category Company
Founded 1986
Sector Media
Employees21,900
Revenue 29.7B USD (2023)
DESCRIPTION

Paramount is an international media company that delivers premium content to audiences across traditional and emerging platforms worldwide. Its business segments include Entertainment, Cable Networks, Publishing, and Local Broadcasting. Paramount was founded in 1986 and is based in New York City.

DEAL STATS #
Overall 1 of 5
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 4
Year (1998) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Infinity Broadcasting

New York, New York, United States

Infinity Broadcasting Corp. a radio broadcasting and outdoor advertising company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-05 American Radio Systems

Boston, Massachusetts, United States

American Radio Systems (ARS) is the fifth largest radio broadcasting company in the United States with 98 radio stations (including pending transactions) located in 19 predominately top 50 markets, including several major markets where CBS has existing radio and television stations.

Buy $1.6B
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