MAGAZINE SECTION
EDITORIAL
UPS Industry Records 5.7% Growth...
COVER STORY
Power Electronic Industry Analysis Year Ending March 2016...
SPECIAL FOCUS
Better times ahead for Indian UPS Manufacturers...
SOFTWARE
WINDOWS 7 : Too good a software...
TECHNOLOGY
Technology : The new education Enabler...
FEATURE
Gender Equity : Not an even match...
BUSINESS
Retailing Market : Now making a statement...
NETWORKING
Evolution and Direction of Intelligent Network Architecture...
INTERNET
Wireless IP-based communications architecture...

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DATA NEWS
Emerson Scuttles Vertiv Spinoff, Will Instead Sell Network Power To Platinum Equity

The temperatures remain high, but the summer season is winding down so lets catch up on some news we may have missed.

In early August, Emerson Electric (EMR) reached a deal to sell off its network power business to a group led by private equity firm Platinum Equity for the price tag of $4b. The unit generated revenue of ~$4.4b in 2015 and despite heavy investment from Emerson over the years, the Network Power business never fulfilled its potential within the company due to the fierce and ever changing competitive environment.

Unfortunately the sale means that the spinoff of that unit, which would have been named Vertiv, will likely not occur. The overall company has struggled recently for numerous reasons, but has had some recent success in selling off unwanted assets including Vertiv and its motors and electricity unit. Here is Emerson’s Chairman and CEO David Farr putting the spin on the sale to Platinum:

So what to do with a sudden influx of cash? Why acquisitions of course! The company is expected to use the proceeds on growing its core industrial automation and consumer products businesses. According to Mr. Farr, ‘we’re going to look to go out and buy assets and leverage those two businesses, which are two very strong, global, profitable businesses’. Keep in mind this is the same CEO who built a network power business, spent billions on M&A bulking it up and then ultimately decided to shed the business last year. In fact, when the spinoff was first announced, Mr. Farr famously noted that he ‘wouldn’t say I would put that on my tombstone to say that was a strong accomplishment’. At least he is honest.

The deal is expected to close by the end of this year and there is a breakup fee of over $300m payable to Emerson if it doesn’t go through. If that were to occur for some unexpected reason, I would guess the spinoff would be back on track, but there is no reason to think that it is a likely outcome. Given that, there is really nothing doing here anymore.

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Eaton launches optimized power solutions for smaller IT applications
Su-Kam launches India`s Intelligent Home UPS `Falcon HBU`
Emerson Scuttles Vertiv Spinoff, Will Instead Sell Network Power To Platinum Equity
Lenovo's all-new Yoga Book is a tablet cum sketch-pad
Consul Neowatt launches Sunbird Solar Inverters with grid export facility at REI 2016
Consul acquires Pune based Neowatt.
Change of guard at SOCOMEC : OLIVIER TREMOUILLE takes over as Managing Director
Emerson appoints Sunil Khanna as President and MD in India
NUMERIC SELLS ITS UPS BUSINESS UNIT TO LEGRAND, FRANCE.
D-Link India appoints Mr. Tushar Sighat as CEO
Asus Reveals India Pricing for AMD F1A75 Series Motherboards
Phase-Change Memory Debuts at IBM
Intel Delays Sandy Bridge-E Processors Till January 2012
Microsoft Set To Finalise Skype Takeover
3 Phase Out DSP Pure Sine Wave Single Inverter Card up to 10 KVA
Dell Inspiron 15R (N5110) - Good Value for Money!
Death of Netbooks Overstated, says Acer
Facebook App Makes You Fairer
Discovery Accuses Amazon of Infringing Patents With Kindle
Opera Mini 5.1 Makes it to Android and Mobile 10.1 Hits Symbian S60
Bellperre Unveils Luxury Phone
China May Shut Porn Fiction Websites
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First Indian Web Browser Launched; Entitled 'Epic'
Apple To Holds iPhone 4 Event
Apple Previews OS 4.0
Deepika Padukone is New Brand Ambassador for Sony Cyber-shot
WD Releases its Fastest Velociraptor Hard Drive
Dell Extends Latitude E-series of Laptops
Tata DoCoMo launches reverse ring back tone service
UNILINE launches smarter D Series UPSs
New Dual-SIM, Touchscreen Handset From Samsung Announced
D-Link Introduces `Green` Router With DPF
Apple Launches iPad
Transcend Launches Multi-card Reader With USB Hub
New Long-life Battery Laptops From Dell
Samsung to Launch Open Mobile Platform
K7 TotalSecurity gets Windows 7 Logo
Nvidia GeForce 3D Vision
Asus Introduces Designo MS Series LCD Monitors
D-LINK unveils two new UTM Firewall products.
Chloride completes take over of DB
Epson Launches Two All-in-one Printers
Samsung Marine Launched in India
Google Announces Chrome OS
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RCom to offer 35 streaming channels to GSM subscribers
UTL launches SMT inverters in the market.
Nokia India Launches The 6208 Classic
Acer, Intel Launch Timeline Series of Notebooks In India
Samsung Launches Solar Powered Handset in India
Delta unveils high efficiency and compact E Series UPS-1kVA to 3kVA
K7 Celebrates 9 million Customers with Buy & Fly to Bangkok Program
Google's Android Gaining Support
Windows 7 Launched
UTL launches Hi-LITE Home UPS Systems
Transcend Launches Complete SSD Line
Sony Ericsson says Android Phone to Take Time
Lenovo Launches New Idea Series PC and Notebook
K7 COMPUTING Free Download to clean latest viruses
SD Awards
SD's UPS AWARDS 2015-16
SD Awards 2016
Survey Highlights
SD's Power Electronic Industry Analysis, year ending March 2016
How They Faired
SD's Top 10
Power Electronic Companies
SD's Top 5
Online UPS Manufacturers
SD's Top 3
Line-Interactive UPS Manufacturers
SD's Top
Home UPS/CVT/Inverter Company
Special Awards
SD's UPS SURVEY 2015-16
SD's UPS Users' Choice Awards 2016
Companies to Watch
SD Users' Satisfaction Rating
SD's SOLAR AWARDS 2015-2016
SDs top 5, SPV Panel Manufacturers of the year 2016
SDs top 5, SPCU Manufacturers of the year 2016
SDs top 5, Grid Sharing Solar Power Solution Provider of the year 2016
SDs top 5, Off-Grid Sharing Solar Power Solution Provider of the year 2016
SDS Company of the year in Real Time Solar Power Generation Monitoring of the year 2015 - 2016
SDs A++ SD Green Star Rating 2016