Emerson 2009 Annual Report Download - page 5

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Annual Report 3
New products will continue to be a major driver of
growth for Emerson — we constantly push innovation
and technology forward to better serve our customers.
Investing for the future
Emerson’s strong nancial position enables us to continually invest in value creation, with a
goal of delivering 5 to 7 percent underlying sales growth through long-term business cycles. An
unwavering focus on the following strategic imperatives, even during challenging times, makes
this goal a reality.
We work tirelessly to . Down cycles always create new,
unique opportunities, and we invested $1 billion in excellent acquisitions in scal 2009. These
acquisitions ll gaps or extend capabilities in markets with signicant growth opportunities.
For example, the acquisition of Dixell and Vilter in Emerson Climate Technologies expanded our
connectivity and energy-efcient control offerings and strengthened our presence in commercial
refrigeration. The addition of Roxar in Emerson Process Management strengthened our ability to
meet customer needs in offshore energy recovery. Already in scal 2010 we have announced
three additional acquisitions: Avocent (data center infrastructure management), EIM (electric
valve actuation) and SSB (electrical pitch control for wind turbines), representing an additional
investment of $1.4 billion.
Emerson relentlessly pursues  by developing game-changing products
and innovations that provide a competitive advantage. Here, too, down cycles are often the best
times for such investments, when others are hesitating and pulling back. New products will continue
to drive growth as we constantly push innovation and technology forward to better serve our
customers. In fact, Emerson averages about 2.5 new patents every working day. A great example
of our technology leadership is our next-generation DeltaV digital automation system. The new