Emerson 2010 Annual Report Download - page 16

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14
growing demand for reliable power, energy
efficiency and an integrated data center
solution. (See related story on Page 4.) In fiscal
2010, we sold our appliance motors and U.S.
commercial and industrial motors businesses –
an action necessary to maintain a mix of
Emerson business portfolios that fuel growth
and drive higher margins and returns.
Technology investments provide a competitive
advantage and help form the foundation for
above-average growth in the markets Emerson
serves. We will continue to pursue technology
leadership to enhance profitability. Emerson
is focused on developing game-changing
products and technologies, and we have
invested internally in our Innovation Centers
Emerson’s actions to strengthen its business
platforms are marked by continual assessment
of our current assets, targeted growth
initiatives, acquisitions and divestitures.
Over time, as we reposition and evolve, some
businesses no longer provide the growth
and return profile we expect at Emerson and
divestiture becomes the best strategic option.
And there are times when acquisitions that
strengthen our business platforms and position
us to better serve our customers are the most
prudent way to use our cash to grow and
add long-term value.
We made two key acquisitions in 2010 in
Emerson Network Power, Avocent and Chloride,
to strengthen our ability to address customers’
Global Business Integration