Emerson finalises acquisition of AspenTech for $7.2 bn

Emerson has completed its acquisition of all outstanding shares of AspenTech, finalising a transaction valued at $7.2 billion.

Emerson, which previously held a 57% stake in AspenTech, offered $265 per share in an all-cash tender to acquire the remaining shares. This offer, representing a 10.4% premium over a prior proposal, values AspenTech at a total of $16.8 billion.

The acquisition aligns with Emerson's strategic focus on industrial automation, enhancing its software capabilities. Post-acquisition, AspenTech will operate as a wholly owned subsidiary within Emerson's Control Systems & Software segment.

Antonio Pietri, CEO of AspenTech, will retire following the acquisition. Vincent M. Servello, formerly Emerson's Vice President of Strategy & Corporate Development, has been appointed President of the AspenTech business unit.

The transaction was financed through Emerson's existing cash reserves and debt financing. AspenTech's shares have ceased trading on the NASDAQ following the completion of the merger.

This acquisition signifies a pivotal step in Emerson's evolution towards higher-value software and automation solutions, reinforcing its competitive positioning in an increasingly software-driven industrial landscape.