Announced
Financials
Tags
Friendly
Majority
Single Bidder
data management software
Private Equity
Cross Border
Pending
Private
Acquisition
Australia
Software
Synopsis
Emerson-backed AspenTech, a developer of industrial software, agreed to acquire Micromine, a developer of a modular data management software, from Potentia Capital, a private equity firm, for $623m. “Micromine’s comprehensive solutions span the breadth of the mining cycle from geological exploration and data management to resource estimation, mine design, planning, scheduling and production control. As we indicated when we announced the transaction with Emerson, AspenTech has gained additional flexibility to strategically deploy capital for growth. Combining AspenTech’s product portfolio and worldwide reach with Micromine’s mission-critical technology and leadership in the mining industry will equip customers with a comprehensive offering and the end-to-end ability to drive efficiencies across the entire mining value chain, while helping them meet the dual challenge," Antonio Pietri, AspenTech President and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.