Announced
Completed
Financials
Tags
Domestic
Majority
Merger
Software
Acquisition
Friendly
Single Bidder
Public
United States
process industries
it services
software
Completed
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.