{"id":13472,"date":"2021-10-12T11:13:35","date_gmt":"2021-10-12T15:13:35","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=13472"},"modified":"2021-12-07T18:28:52","modified_gmt":"2021-12-07T23:28:52","slug":"emersons-software-units-aspentech-in-11-billion-merger","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/emersons-software-units-aspentech-in-11-billion-merger\/","title":{"rendered":"Emerson&#8217;s Software Units, AspenTech in $11 Billion Merger"},"content":{"rendered":"\n<p>Emerson Electric said Monday that it is merging its software units with smaller rival Aspen Technology in a deal worth $11 billion, further expanding its industrial automation business that covers a wide range of sectors from utilities and mining to chemicals and automobiles.<\/p>\n\n\n\n<p>The merged industrial software company would consist of Emerson&#8217;s grid modernization technology and geological simulation software, as well as AspenTech&#8217;s software products for the mining, manufacturing and pharmaceutical industries.<\/p>\n\n\n\n<p>Emerson said the combined company&#8217;s software would also provide sustainability requirements in green energy markets such as biofuels, hydrogen and carbon capture.<\/p>\n\n\n\n<p>The cash and stock merger announced Monday will be available for about $160 per share, and AspenTech shareholders would receive $87 and 0.42 shares of the merged company for each share they currently own.<\/p>\n\n\n\n<p>Emerson will acquire a 55% stake and AspenTech shareholders will hold the remainder of the new company, which will retain the AspenTech name and will be chaired by current CEO Antonio Pietri.<\/p>\n\n\n\n<p>The transaction, which is expected to be adjusted to earnings after the maiden year, is expected to be finalized in the second quarter of 2022.<\/p>\n\n\n\n<p><\/p>\n\n\n<p>For more information, you may view the <a href=\"https:\/\/www.reuters.com\/technology\/emerson-plans-11-bln-merger-industrial-software-units-with-aspentech-wsj-2021-10-11\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> from Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Emerson Electric said Monday that it is merging its software units with smaller rival Aspen Technology in a deal worth $11 billion<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,9],"tags":[],"class_list":["post-13472","post","type-post","status-publish","format-standard","hentry","category-companies","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=13472"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13472\/revisions"}],"predecessor-version":[{"id":13509,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/13472\/revisions\/13509"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=13472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=13472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=13472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}