Emerson Electric, a technology and engineering company, completed the acquisition of Open Systems International, a software solutions and automation company for $1.6bn. “Emerson and OSI share a commitment to excellent customer service and offering advanced technologies to help customers manage the reliability and resiliency of the electric grid. We are excited to combine our advanced technologies, engineering expertise and unsurpassed customer service not only to better serve our electric power customers but also to expand the reach of this critical software into other industries with the Emerson team,” Bahman Hoveida, OSI President & CEO.