Emerson Electric Co. (NYSE: EMR)  will sell its network power division to Platinum Equity and other investors in a deal valued at $4 billion, the company’s second announced divestiture on  as chief executive officer David Farr unloads less-profitable businesses.

The network power sale is targeted for completion by the end of 2016, the St. Louis-based company said in a statement. Emerson will keep a stake in the business, it said. Emerson also agreed to sell its motor and generator business to Nidec Corp. of Japan for $1.2 billion.

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