EMERSON REACHES AGREEMENT TO SELL NETWORK POWER FOR $4 BILLION TO PLATINUM EQUITY

ST. LOUIS, August 2, 2016 – Emerson (NYSE: EMR) today 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.