Emerson's (EMR) Venture Capital Unit Invests in Spearix

Zacks Equity Research

1 September 2022 at 12:48 pm·2-min read

Emerson Electric Co.’s EMR corporate venture capital arm, Emerson Ventures, has made a strategic investment in Spearix Technologies, Inc., a startup offering wireless solutions in industrial environments.

The investment will help Emerson expand its Industrial Internet of Things (IIoT) capabilities while supporting Spearix’s growth. Besides making an investment, EMR has also entered into an engineering collaboration agreement with Spearix.

The implementation of Spearix technology into Emerson’s industrial wireless mesh network portfolio and related software products will help the latter realize greater reliability and range.

Emerson Electric Co. Price

Emerson Electric Co. price | Emerson Electric Co. Quote

EMR’s investment in Spearix is a step forward in its vision for WirelessHART and the evolution of its IIoT product portfolio. The Spearix technology integration will enhance Emerson’s reliability and range, improve co-existence and spectral efficiency, help reduce ownership cost and offer higher data rates to accommodate data-rich devices.

Emerson’s investment will help Spearix drive its advanced radio frequency (RF) and digital signal processor architectures and offer solutions to resolve connectivity issues in adverse RF environments.

Zacks Rank & Key Picks

Emerson carries a Zacks Rank #3 (Hold).

Some better-ranked stocks within the broader Industrial Products sector are as follows:

Lindsay Corporation LNN sports a Zacks Rank #1 (Strong Buy). LNN pulled a trailing four-quarter earnings surprise of 25.6%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.

Lindsay Corporation has an estimated earnings growth rate of 44.1% for the current year. Shares of the company have rallied 20% in the past six months.

Greif, Inc. GEF presently carries a Zacks Rank #2 (Buy). GEF delivered a trailing four-quarter earnings surprise of 22.9%, on average.

Greif has an estimated earnings growth rate of 36.8% for the current year. Shares of the company have gained 18.3% in the past six months.

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Emerson Electric Co. (EMR) : Free Stock Analysis Report

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