Emerson, a technology, software and engineering powerhouse, completed the acquisition of National Instruments, a provider of testing and measurement equipment and integrated, software-led solutions, for $8.2bn. "Our acquisition of NI is a significant milestone in our efforts to transform Emerson and realize our vision of increasing growth, cohesiveness and end market diversification across Emerson's portfolio. We are pleased to welcome NI employees to Emerson and benefit from our shared visions and cultures, including our mutual commitment to innovation, operational excellence and sustainability. Together, we look forward to providing our customers more innovative and differentiated products, executing on our synergy targets and delivering increased shareholder value," Lal Karsanbhai, Emerson President and CEO. On June 29, 2023, NI stockholders approve transaction with Emerson.