# Who does Emerson Electric pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/emerson-electric · Facet: suppliers · Updated: 2026-07-12T03:52:53.629+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Emerson Electric discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-07-12).

### AspenTech (high)
- note: The finishing piece of the transformation: after taking 55% in 2021 to create a listed subsidiary, in March 2025 Emerson bought the remaining 45% for $265/share ($7.2B; ~$17B EV) in cash to reach 100%. AspenTech's asset-optimization and industrial AI combine with Emerson control (DeltaV) into a real-time-data-plus-prediction stack — central to a re-rating by lifting recurring revenue.
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Completed purchase of remaining AspenTech shares Mar 12, 2025; wholly owned under Control Systems & Software."
- [confirms] Davis Polk (EN, news, published 2025-03-12) https://www.davispolk.com/experience/emerson-72-billion-acquisition-remaining-outstanding-shares-aspentech: "Acquired remaining 45% at $265/share for $7.2B; ~$17B EV (completed Mar 2025)."
- [confirms] Emerson (EN, ir, published 2025-01-27) https://www.emerson.com/en-us/news/2025/emerson-to-acquire-remaining-outstanding-shares-of-aspentech: "Remaining AspenTech shares for ~$7.2B; completed Mar 2025."

### 포트폴리오 대전환 (기후사업 매각·NI 인수) (high)
- note: The key to understanding this node: Emerson sold cyclical climate/appliance manufacturing (Copeland/Climate Technologies to Blackstone for $14.0B; InSinkErator to Whirlpool for $3.0B) and bought software/test (NI for $8.2B; full AspenTech) to reshape into a pure-play automation and industrial-software platform — major surgery aimed at higher growth, margin and recurring revenue, and thus a re-rating.
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Sold Copeland (Climate) to Blackstone for $14.0B (~$9.7B upfront); InSinkErator to Whirlpool $3.0B; acquired NI."

### 전자부품·반도체·금속 (원재료) (mid)
- note: The root of device cost: semiconductors and electronic components in instruments/controllers and metals for valves/actuators are core costs. Supply-chain normalization and pricing were the swing factor in the gross margin (52.8% in FY2025, +2.0pt), and a growing software mix structurally lowers this cost sensitivity.
- [confirms] SEC / Emerson Electric (EN, filing, published 2025-11-10) https://www.sec.gov/Archives/edgar/data/32604/000003260425000087/emr-20250930.htm: "Gross margin 52.8%, up 2.0pt on component/cost normalization."

### R&D·소프트웨어 엔지니어링 (원가 믹스 전환) (mid)
- note: The cost-side consequence of the portfolio pivot: selling climate/appliance manufacturing and buying software shifted cost weight from component assembly to R&D and software engineering. Integration of AspenTech/NI captures ~$200M annual cost synergies, but defending recurring revenue requires sustained software-development investment.
- [confirms] TIKR (Korean) (KO, news, published 2026-01-15) https://www.tikr.com/ko/blog/emerson-electric-stock-power-lng-and-ai-data-centers-are-driving-the-bull-case-in-2026: "AspenTech/NI integration yields ~$200M annual cost synergies."

Reverse side: https://valuechain.wiki/emerson-electric/customers.md · Ripple: https://valuechain.wiki/emerson-electric/ripple.md

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Full node: https://valuechain.wiki/emerson-electric.md · JSON: https://valuechain.wiki/emerson-electric.json