Emerson-backed AspenTech to acquire Micromine from Potentia Capital for $623m.

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.