Blackstone closes majority acquisition of Emerson's Climate Technologies as Copeland

Blackstone and Emerson closed the acquisition of a majority stake in Emerson's Climate Technologies business, now standalone as Copeland, in a transaction valuing the business at US$14 billion. Emerson received about $9.7 billion at close.

“Blackstone and Emerson have closed on the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at US$14 billion.”hpacmag.com

• 1 source
• hpacmag.comTop Story of 2023: Copeland - the new standalone company - HPAC MagazineDec 21, 2023

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