Deals

Schneider, Emerson Eye Bids for SoftBank-Backed OSIsoft

Founder and SoftBank explore sale of industrial software maker
OSIsoft may draw machine and tech firms, fetch over $4 billion

J. Patrick KennedyPhotographer: F. Carter Smith

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By Liana Baker, Myriam Balezou, and Aaron Kirchfeld

June 23, 2020 at 3:19 PM UTC

This article is for subscribers only.

Schneider Electric SE and Emerson Electric Co. are among manufacturing companies considering multibillion-dollar offers for industrial software maker OSIsoft LLC, according to people familiar with the matter.

OSIsoft founder J. Patrick Kennedy and minority owner SoftBank Group Corp. are working with advisers on a potential sale of the whole company, which could fetch more than $4 billion, said the people, who asked not to be identified because the matter is private.