National Instruments picks Fortive, Keysight as challengers to Emerson's bid -sources

By David Carnevali, Milana Vinn and Anirban Sen

Technology
Friday, 03 Mar 2023
7:14 PM MYT

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FILE PHOTO: A worker assembles an industrial valve at Emerson Electric Co.'s factory in Marshalltown, Iowa, U.S., July 26, 2018. REUTERS/Timothy Aeppel

(Reuters) - Measurement equipment maker National Instruments Corp has decided that Fortive Corp and Keysight Technologies Inc have the potential to top Emerson Electric Co's $7 billion bid for the company, three people familiar with the matter said.

National Instruments this week informed Emerson, Fortive and Keysight -- which are all providers of automation solutions facilitating manufacturing in various industries -- that their offers qualify them to go through the second round of bidding for the company, the sources said.

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National Instruments picks Fortive, Keysight as challengers to Emerson's bid -sources