trending Market Intelligence /marketintelligence/en/news-insights/trending/fis-kbhynfoidzslzenggg2 content esgSubNav
In This List

Textron completes sale of Tools and Test unit to Emerson for $810M

Blog

Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System

Podcast

MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services

Blog

Banking Essentials Newsletter: 17th April Edition


Textron completes sale of Tools and Test unit to Emerson for $810M

Textron Inc. said it completed the sale of its tools and test assets to Emerson Electric Co., a global technology and engineering company, for approximately $810 million in cash.

The sale includes such businesses and brands as Greenlee, Greenlee Communications, Greenlee Utility, HD Electric, Klauke, Sherman+Reilly and Endura.

The aerospace and defense company said it expects to use the proceeds to finance additional share repurchases, meant to offset the earnings impact related to the sale.