EMR - Emerson to sell Russia business to local management

Emerson Electric ( NYSE: EMR ) said Tuesday it agreed to sell its Russia operations , including its Metran Russia-based manufacturing subsidiary, to the local management team, following through on plans to exit the country after Russia's invasion of Ukraine.

Metran is a supplier of process automation equipment acquired several years ago by Emerson ( EMR ) to increase its exposure to Russia's energy industry.

Emerson ( EMR ) said Russia represented 1.5% of total company sales in 2021.

The company already included a $162M pre-tax loss in its FQ3 as part of its previously announced Russia exit.

Emerson Electric ( EMR ) is experiencing solid demand from all end markets and has record backlog orders, Value Quest writes in a bullish analysis posted recently on Seeking Alpha .

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