Davis Polk is advising Emerson Electric Co. on its $510 million acquisition of Paradigm B.V. The acquisition, which is subject to various regulatory approvals, is expected to close by the end of 2017.
Emerson, headquartered in St. Louis, Missouri, is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Paradigm creates end-to-end oil and gas exploration and production software with offerings spanning seismic processing and interpretation to production modeling.
The Davis Polk corporate team includes partners Phillip R. Mills and Marc O. Williams and associate Gary Pong. Partner Michael Mollerus is providing tax advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Partner Jeffrey P. Crandall and counsel Ron M. Aizen are providing executive compensation advice. Partner Lawrence E. Wieman is providing credit advice. Partner Ronan P. Harty and counsel Mary K. Marks are providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.