The company is divesting its Russian-based manufacturing subsidiary Metran and Emerson LLC, the sales and service organization for Metran.
"Once the transaction closes, Emerson will have no employees or facilities in Russia," Emerson said in a statement.
Emerson said in May it would exit its Russia business that constituted about 1.5% of the company's total sales last year and explore strategic options to divest Metran.
The company included a pre-tax loss of $162 million in the third quarter of FY22, accounting for the previously announced Russia exit.
(Reporting by Priyamvada C in Bengaluru; Editing by Vinay Dwivedi)