Emerson Acquires Knurr AG of Germany; Leader in Rack and Enclosure Technologies for IT and Telecom Markets to Strengthen Emerson Network Power Capability and Global Position

Knurr joins with Emerson Network Power's industry-leadingLiebert(R) brand and its recent Cooligy acquisition to buildcomprehensive capabilities in rack solutions, mission-criticalcooling, and systems integration for data center and telecom sites. Aspower density and damaging heat levels have grown significantly inthese applications, Emerson Network Power now delivers the broadestportfolio of technologies - surpassing previously availablecapabilities - to solve critical cooling issues at the room, rack, orchip level.

In data centers, Emerson was first to market with coolingsolutions for extreme density applications with its Liebert XD(TM)cooling platform. Now it is taking proven technologies from room-levelapplications and integrating them into the rack. Knurr's broadplatform of rack systems will integrate Emerson's cooling and powermanagement technologies, helping customers solve problems in new andexisting installations and giving data center managers moreflexibility in facility design.

"The rack is fast becoming a critical product on the data centerfloor, serving as a platform for integrating power, cooling, andinformation technologies," said David N. Farr, Emerson chairman, chiefexecutive officer and president. "The addition of Knurr'smarket-leading products and technologies supports our strategy to makethe Liebert Adaptive Architecture(TM) the desired standard for ITfacilities."

Knurr also designs flexible, cost-effective enclosure platformsfor the telecom industry, and is serving major telecom customers withinnovative liquid rack-cooling systems and Advanced TCA(a)-compliant,extreme-density cabinets. These cabinets contain sophisticated powerand cooling technologies, making it possible to deploy the nextgeneration of wireless telecom technologies.

Emerson Network Power is currently the largest supplier of powerfor remote telecom equipment. The cabinet-level solutions acquiredwith Marconi's power business will be further bolstered by addingKnurr's enclosure capabilities. Together they make Emerson's DC Powersolutions even more competitive as carriers continue to invest innext-generation wireless technologies and deploy broadband networks.

"With Knurr, we further strengthen Emerson Network Power'scompetitive advantage," said Ed Feeney, Emerson senior vice president,"helping customers solve power, cooling, and monitoring problems forIT or telecom sites and delivering ready-to-deploy rack and enclosuresolutions - whether one cabinet or an entire global enterprise."

Knurr, headquartered outside of Munich in Arnstorf, Germany, withsales in 2005 of approximately EUR 128 million, has manufacturingfacilities in a number of countries in Europe, as well as in theUnited States and South America, and has a sales and marketingpresence in 35 countries.

"We are excited about the global opportunities and the synergiescreated by alignment with Emerson and with Emerson Network Power'sleading power and precision cooling technologies," said OliverGosemann, chief executive officer of Knurr. "We have worked hard toearn a reputation for quality and innovation. By coupling ourcapabilities with Emerson, we can offer customers so much more and wethink customers are going to be excited about what's ahead."

(a) AdvancedTCA is a new series of industry standardspecifications for next generation carrier grade communicationsequipment.

About Knurr AG

Knurr designs, produces and integrates standardized and customizedrack systems, enclosures, backplanes, thermal management and powersupply systems, applied components and functional furnishing systems.Knurr develops and produces PDUs and socket strips internally, whichenables each customer-specific requirement to be implemented. You willfind more information at: www.knuerr.com

About Emerson Network Power

Emerson Network Power, an Emerson business and the global leaderin business critical continuity, serves the needs oftelecommunications networks, data centers, health care, and industrialfacilities worldwide with a full spectrum of reliable power solutions,including inbound power, connectivity, power supplies, power systems,and precision cooling - all backed by the largest global servicesorganization in the power industry. For more information, visitwww.emersonnetworkpower.com.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, is a global leader inbringing technology and engineering together to provide innovativesolutions to customers through its network power, process management,industrial automation, climate technologies, and appliance and toolsbusinesses. Sales in fiscal 2005 were $17.3 billion. For moreinformation, visit www.gotoemerson.com.