Davis Polk is advising Emerson Electric Co. on the $3.15 billion acquisition of the Valves & Controls business of Pentair. The acquisition is expected to close in the next four to six months, subject to various regulatory approvals.

Emerson, based in St. Louis, Missouri, is a global leader in bringing technology and engineering together for customers in industrial, commercial and consumer markets. Headquartered in Schaffhausen, Switzerland, the Pentair Valves & Controls business has a large global installed base in chemical, petrochemical, oil and gas, power, mining and other process industries.

The Davis Polk corporate team includes partners Phillip R. Mills and Marc O. Williams and associates Cheryl Chan and Martin Hui. Partner Michael Mollerus and associate Anne E. McGinnis are providing tax advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Counsel Betty Moy Huber is providing environmental advice. All members of the Davis Polk team are based in the New York office.