AUSTIN, TX – National Instruments stockholders approved the company's acquisition by Emerson Electric during a special meeting, with stockholders receiving $60 per share in cash for every share of NI common stock they own.

The $8.2 billion merger agreement was first announced by Emerson earlier this April.

"Today’s vote by our stockholders validates our belief that this transaction represents the best outcome for all NI stakeholders," said NI CEO Eric Starkloff. "We thank our stockholders for their support and look forward to accelerating our position as a leading provider of software-connected automated test and measurement systems in this next chapter as part of Emerson."

The proposed transaction is expected to close in the first half of Emerson’s fiscal year 2024, subject to the completion of customary closing conditions.