AspenTech completes transaction with Emerson Electric

  • Industry News
  • May 26,22
New, diversified company boasts broader scale, capabilities and solutions.
AspenTech completes transaction with Emerson Electric

Bedford (England)

Aspen Technology, a company in industrial software, announced the completion of its transaction with Emerson Electric Co, including the addition of Emerson’s OSI Inc. and Geological Simulation Software (GSS) businesses to AspenTech. As part of the close of the transaction, Emerson has contributed $6.0 billion in cash to AspenTech, which will be received by AspenTech shareholders, in exchange for a 55 per cent stake in AspenTech. In addition, Emerson and AspenTech have entered into an enhanced commercial partnership that will enable AspenTech to penetrate new and existing markets. The Company now employs more than 3,700 people located in 62 offices across 41 countries. 

AspenTech offers customers a highly differentiated industrial software portfolio with the capabilities to optimize the entire asset lifecycle across a wide range of industry verticals. With this new set of solutions, AspenTech is now increasingly well positioned to help customers solve for the complexity of the dual challenge: meeting the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. 

“Industrial leaders are at the forefront of addressing the dual challenge, and we are excited to apply our newly combined expertise and innovation to help them achieve their sustainability and profitability objectives,” said Antonio Pietri, President and CEO of AspenTech. “Today, we are the ‘new’ AspenTech, offering our customers even greater scale, capabilities and innovation, across a diverse range of industries with the addition of OSI and GSS.” 

Combined Company

Since it’s founding in the early 1990s, OSI has been focused on optimising transmission and distribution systems for utility companies in the power industry, which places the company in the middle of the global electrification imperative, including managing the complexity created from a broader set of renewable and other power sources. The utilities and power market represents a new opportunity for AspenTech to cross-sell our existing solutions into our industrial customer base. 

The GSS business, which will now be known as Subsurface Science and Engineering (SSE), allows AspenTech to provide an end-to-end solution for the oil and gas supply chain with an extension to the chemicals supply chain, ensuring a complete interlock from reservoir to the gas station and into chemicals production. There is also a long-term sustainability growth opportunity as companies continue to leverage subsurface technologies for carbon sequestration, geothermal and hydro energy, and mining of rare earth metals for applications such as electric vehicle batteries. 

“We have received overwhelmingly supportive feedback from customers who are excited about our new innovations and the addition of leading technology unlocked through this transaction,” added Pietri. “They already understand the benefits that this combination will bring in helping them achieve higher levels of efficiency and innovation to enhance business performance and meet sustainability goals.

“We believe OSI and GSS customers will realise significant value in partnering with AspenTech and benefit from our 40-year history of innovation and software leadership in capital-intensive industries. Particularly for those companies in the early phases of digitalisation, AspenTech can guide them through their journey, leveraging our expertise from helping revolutionise the oil and gas and chemical industries.” 

Related Stories

Machine Tools & Accessories
Hexagon declares collaboration with Cantier Systems

Hexagon declares collaboration with Cantier Systems

Improved inventory, manufacturing process visibility and control will be extremely beneficial to manufacturers.

Read more
Auto & Auto Components
MG Motor & Siemens innovates digital solutions for a sustainable future

MG Motor & Siemens innovates digital solutions for a sustainable future

The solution includes automation, IoT data, plant simulation & mindsphere to enhance quality and optimise production transparency.

Read more
Auto & Auto Components
Solution is to embrace digital, IIoT and AI to take business next level

Solution is to embrace digital, IIoT and AI to take business next level

3i expo was two day conference where experts emphasized on innovative approaches and strategies for taking the Indian manufacturing sector to the next level. During his keynote session on ‘Achievi..

Read more

Related Products

Bagging System - Manual

INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY

Alligator Automations provides a wide range of manual bagging systems Read more

Request a Quote

Shock Absorber

INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY

Stellent Technologies Pvt Ltd offers a wide range of hydraulic shock absorber.

Read more

Request a Quote

Autonomous Measuring Cells With Integrated Handling Robot

INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY

Blum-Novotest Measuring & Testing Technology Pvt Ltd offers a wide range of autonomous measuring cells with integrated handling robot – BMK5. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back