Emerson to acquire the remaining 43% stake in AspenTech for $6.5bn.

Emerson, a global technology, software, and engineering company, offered to acquire the remaining 43% stake in AspenTech, a provider of software and services for the process industries, for $6.5bn. "Emerson has been executing against a clear value creation roadmap as we build the most differentiated global industrial technology portfolio of software-defined and hardware-advantaged automation solutions. The key strategic actions we are announcing today are consistent with our objective to drive value for our shareholders and complete our portfolio transformation in the most financially attractive way. Upon the successful completion of these actions, Emerson will have created a cohesive automation portfolio which strengthens our innovation leadership in the market and positions Emerson to deliver further growth, margin expansion and shareholder value creation," Lal Karsanbhai, Emerson President and CEO.