In January, Emerson closed the transaction to acquire SPX Corp.’s 44.5 percent minority interest in EGS Electrical Group, giving it 100 percent ownership of the business.

Emerson and SPX have jointly held the business since 1997. Results for the business, which had annual revenues in 2013 of more than $500 million, have been consolidated in Emerson's Industrial Automation segment, Rosemont, Ill., and the business unit was renamed Appleton Group to reflect its most recognized brand.