# Emerson sells majority stake in Climate Technologies to Blackstone

Emerson is selling a majority stake in its Climate Technologies business to Blackstone in a transaction valuing the business at $14 billion, with Emerson retaining a 45% stake.

- Type: Acquisition
- Announced: 2023-02-09
- Where: United States
- Value: $14.0B
- Status: announced
- Products: compressors, HVAC and refrigeration products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Emerson](https://endata.com/companies/355.md)
- [Blackstone Group](https://endata.com/companies/2364.md) (acquirer)

## Sources

- [pmps-digital.com](https://pmps-digital.com/dac/2022/11/12/), 2023-02-09: "EMERSON IS SELLING a majority stake in its Climate Technologies business to the private equity firm Blackstone in a transaction that values the business at $14bn."

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