Emerson completed the merger with AspenTech in an $11bn deal.

Emerson, an American multinational corporation, completed the merger with AspenTech, an asset optimization software developer, in an $11bn deal. Emerson owns 55% of new AspenTech and AspenTech shareholders own the remaining 45%. "I am excited to announce the close of our transaction with AspenTech, which accelerates Emerson’s software strategy and creates an enhanced, high-performance, leading industrial software company with immediate scale and relevancy in a fast-paced, evolving market. Today marks a significant milestone for Emerson and is a testament to our commitment to continue building a higher growth, more diversified portfolio. Together with new AspenTech, we expect to realize significant revenue and cost synergies, while having the platform and flexibility to strategically deploy capital for growth through continued investment and M&A," Lal Karsanbhai, Emerson President and CEO.