Aspen Technology Acquires Open Grid Systems

Emerson and AspenTech Combine to Create New AspenTech

May 16, 2022

Software

Emerson entered into a definitive agreement to contribute its industrial software businesses—OSI Inc. and its Geological Simulation Software business—to AspenTech to form a new, diversified industrial software company (“new AspenTech”). Emerson would receive a 55% stake in new AspenTech, contributing $6.0 billion in cash, while AspenTech shareholders receive cash and shares in the combined company; the transaction was later successfully closed.

Schneider Electric to Acquire AutoGrid

May 11, 2022

AI & Machine Learning

AutoGrid, an AI-driven optimization company for distributed energy resources, signed a definitive agreement to be acquired by Schneider Electric. The deal is subject to regulatory approval and customary closing conditions and is expected to close in Q3 2022, expanding AutoGrid’s global reach and accelerating product innovation.

Emerson Acquires Open Systems International (OSI Inc.) for $1.6B

August 27, 2020

Software

Emerson agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all-cash transaction to expand its software capabilities for the power industry. The deal brings OSI’s grid management and operations technology software and associated engineering services into Emerson’s automation and software portfolio to accelerate digitization and renewable integration across utilities.

Aspen Technology, Inc. Acquires inmation Software GmbH

October 24, 2022

Software

Aspen Technology, Inc. (AspenTech) has acquired inmation Software GmbH, a Cologne-based leader in industrial real-time information management, to strengthen its industrial data and connectivity capabilities and establish inmation as the cornerstone of its AIoT business unit. The acquisition enhances AspenTech's ability to integrate, manage, and contextualize industrial data across plant-level historians and enterprise systems to support customers' digitalization, sustainability, and profitability goals.

Fluxys Acquires Macquarie's Stake in Open Grid Europe

January 27, 2023

Energy

Fluxys has agreed to acquire a 23.6% stake in Open Grid Europe (OGE) from Macquarie European Infrastructure Fund 4, with an additional 0.5% stake from Halifax Regional Municipality Master Trust included in the sale. The deal strengthens Fluxys' ties with Germany's leading gas transmission operator as both companies prepare their networks for hydrogen and CO2 transport to support the energy transition; the transaction was expected to reach financial close in March 2023 subject to regulatory approvals.

Aspen Technology Acquires OptiPlant

December 9, 2020

Software

Aspen Technology, Inc. (AspenTech) has acquired OptiPlant, a Walnut Creek–based developer of AI-driven 3D conceptual plant layout and engineering automation software. The acquisition expands AspenTech’s industrial AI and conceptual design capabilities and integrates OptiPlant’s layout and routing solutions with AspenTech’s process modeling and cost-estimating products.