Back in 2017 Emerson acquired Paradigm Geophysical for $510 million from a group of investors. A later 2020 deal saw the acquisition of Open Systems International, a provider of electrical grid management software for $1.6 billion. Emerson is now bundling its ex-Paradigm ‘Geological Simulation Software’ business and OSI which it is selling into a new AspenTech company. Along with the software units, Emerson is contributing $6.0 billion in cash in exchange for a 55% stake in the new AspenTech. Significant revenue and cost opportunities are anticipated as the OSI and GSS businesses transition to a ‘token and subscription-based’ business model, as deployed across AspenTech’s existing portfolio, notably the AspenOne process modeling suite . Emerson is also engaged in a long running take-over battle for National Instruments with a current $53 per share offering. More on the deal from Emerson.
This article originally appeared in Oil IT Journal 2023 Issue # 1.
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Author: McNaughton, Neil
Source: Oil IT Journal, Volume 28 Number 01. February 2023.
©Publisher: The Data Room SAS
DOI: https://doi.org/10.69894/857278