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(Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation.
Earlier this month, Emerson proposed to buy its remaining stake in AspenTech at a valuation of $15.1 billion, as the company banks on demand from industrial automation. The company in 2021 merged ...
Emerson Electric Co (NYSE: EMR) aims to merge two of its software businesses with Aspen Technology Inc (NASDAQ: AZPN) in an $11 billion deal in a cash-and-stock transaction valuing the new company ...
In May 2022, Aspen Technology was merged with the industrial software businesses of Emerson Electric, OSI Inc. and Geological Simulation Software, to form a new corporate entity, still called Aspen Technology. Emerson paid USD 6 billion and received a controlling interest (55%) of the common stock of the new entity.
Emerson Electric office in Markham, Ontario. Emerson Electric Co. is an American multinational corporation headquartered in Ferguson, Missouri. [2] [3] [4] The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering solutions for industrial ...
Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion, boosting its industrial automation business that caters to ...
Seeq's browser-based software is designed for use with time series data, commonly aggregated in data historians such as OSIsoft's PI system, Inductive Automation's Ignition system, and others like Emerson's Ovation and DeltaV, GE Proficy, Honeywell's Uniformance PHD, Wonderware, and AspenTech IP.21. [6] [7]
The combined industrial software company will comprise Emerson's grid modernization technology and geological simulation software, and AspenTech's software offerings to mining, manufacturing, and ...