Emerson Electric Co. Announces Major Acquisition

In a landmark deal, Emerson Electric Co. has announced its plan to acquire all remaining shares of Aspen Technology, Inc. for a staggering $7.2 billion, offering $265 per share. This strategic move is set to redefine the landscape of software-defined control in the industry.

What This Means for AspenTech

Currently holding a 57% stake in AspenTech, Emerson's acquisition will transition AspenTech into a wholly-owned subsidiary. The transaction, expected to be finalized in the first half of 2025, will result in AspenTech's delisting from the Nasdaq, marking a new chapter in its corporate journey.

Leadership's Vision

"This acquisition is a pivotal moment in our portfolio transformation," stated Lal Karsanbhai, Emerson's President and CEO. He emphasized the excitement around integrating AspenTech into Emerson to further the vision for software-defined control. Karsanbhai also highlighted the compelling value offered to AspenTech shareholders and the warm welcome awaiting the AspenTech team at Emerson.