Deals
Emerson to Take Control of AspenTech in $11 Billion Deal
- Deal advances industrial company’s push into software services
- New entity is seen creating a vehicle for acquisitions
This article is for subscribers only.
Emerson Electric Co. agreed to combine its industrial software business with Aspen Technology Inc. in a deal valued at about $11 billion, the industrial giant’s latest step to help customers digitize their operations.
AspenTech shareholders will receive $87 a share in cash and 0.42 share of stock in the new company, according to a statement Monday. Emerson will contribute $6 billion of cash to the new entity, in which it will have a 55% stake.