# ASCO Power GP completes $4B acquisition of Emerson's Network Power business

ASCO Power GP LLC, backed by Platinum Equity, completed the acquisition of Emerson Electric's Network Power business segment for $4 billion.

- Type: Acquisition
- Announced: 2016-11-29
- Where: United States
- Value: $4.00B
- Status: completed
- Products: network power equipment and services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Emerson Electric](https://endata.com/companies/654.md) (target)
- [ASCO Power GP LLC](https://endata.com/companies/19824.md) (acquirer)
- [Platinum Equity Advisors](https://endata.com/companies/19825.md) (investor)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/EMERSON-ELECTRIC-CO-12451/news/ASCO-Power-GP-LLC-completed-the-acquisition-of-Network-Power-business-segment-from-Emerson-Electric-35260652/), 2016-11-29: "ASCO Power GP LLC completed the acquisition of Network Power business segment from Emerson Electric Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.