Emerson Electric Co. announced Monday its plans to purchase the remaining 43% of Aspen Technology Inc. it does not already own for $7.2 billion, marking a major step in its strategic transformation toward industrial software solutions.
The transaction, which values AspenTech at an enterprise value of $16.8 billion, involves Emerson offering $265 in cash per share for the outstanding minority stake. Emerson, which currently holds 57% of AspenTech following a $6 billion investment in 2021, will make AspenTech a wholly owned subsidiary once the deal closes. AspenTech’s shares will be delisted from the Nasdaq.
Strengthening a Strategic Partnership
Lal Karsanbhai, Emerson’s president and CEO, said the acquisition reinforces the company’s vision of advancing software-defined control in industrial operations. “This transaction marks a key milestone in our portfolio transformation,” Karsanbhai said. “We are excited to fully integrate AspenTech into Emerson to provide customers with innovative solutions for evolving industrial challenges.”
