Emerson 2011 Annual Report Download - page 9

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Annual Report | 07
We maintain a dynamic process for augmenting
existing businesses through acquisitions. During the
past two years, we invested capital and resources to
strengthen our platforms by purchasing strategic
technologies and market positions. These investments
enhance our competitiveness by allowing us to offer
more comprehensive solutions to our customers –
while at the same time generating attractive returns.
Business pruning is also part of this strategy. We
have and will continue to divest non-strategic assets
that no longer meet our expectations for growth
and return.
The Chloride and Avocent acquisitions are significant
additions to Emerson and are prime examples of
our focus at work. Both businesses have brought
tremendous technologies and engineering
capabilities to the Network Power platform. Their
results are exceeding plans by outperforming
expected returns.
Going forward, the challenge is to focus our business
platforms to develop and create unique “incremental
layers of growth” in our core global markets.
A critical element to this strategy will be bolt-on
product-line acquisitions that allow us to offer our
customers the technologies they need while also
penetrating faster-growing markets. This will enable
Emerson to deliver above-average growth in a slower
global economy.
“ WITH A FOCUS ON INNOVATION, TECHNOLOGY LEADERSHIP AND SERVICE CAPABILITIES IN
MATURE AND EMERGING MARKETS AROUND THE WORLD, EMERSON IS IDEALLY POSITIONED
TO CREATE ‘NEVER BEEN DONE BEFORE’ SOLUTIONS FOR OUR CUSTOMERS. WE CONTINUE TO
REINVEST IN OUR BUSINESSES, MAKE ACQUISITIONS AND DIVEST UNDERPERFORMING ASSETS.
EMERSON DRIVES FORWARD, ONE MEANINGFUL STEP AT A TIME, IN A WAY THAT WILL MAKE
THE COMPANY STRONGER FOR DECADES TO COME.”
VIDEO MESSAGE FROM
CRAIG W. ASHMORE