Emerson and AspenTech Combine to Create New AspenTech
May 16, 2022
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.
- Buyers
- Emerson
- Targets
- AspenTech, OSI Inc., Geological Simulation Software business (Emerson)
- Sellers
- AspenTech shareholders (receive consideration in the transaction)
- Industry
- Software
- Location
- Missouri, United States
- Transaction Type
- Buyout
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