Emerson Electric Co. Announces Major Acquisition

In a significant move, Emerson Electric Co. has announced its decision to acquire all remaining shares of Aspen Technology, Inc. for a staggering $7.2 billion, equating to $265 per share. This acquisition marks a pivotal moment in Emerson's strategic portfolio transformation.

Strategic Integration and Future Plans

Currently holding a 57% stake in AspenTech, Emerson plans to make the latter its wholly-owned subsidiary upon the completion of this transaction, expected in the first half of 2025. Following this, AspenTech will be delisted from the Nasdaq, signifying a new chapter in its corporate journey.

Leadership's Vision and Commitment

"This acquisition is a cornerstone in our strategy to redefine control through software, and we are thrilled about the possibilities this integration brings," stated Lal Karsanbhai, President and CEO of Emerson. He also expressed enthusiasm about offering AspenTech shareholders a valuable opportunity to tender their shares and warmly welcoming the AspenTech team into the Emerson family.