Emerson to Merge Software Units With AspenTech in $11 Billion Deal

Emerson to Merge Software Units With AspenTech in $11 Billion Deal
Emerson Electric Co. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York on Jan. 13, 2020. (Brendan McDermid/Reuters)
Reuters
10/11/2021
Updated:
10/11/2021

Industrial-automation systems maker Emerson Electric Co. said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion.

The cash-and-stock deal is for about $160 per AspenTech share, the company said.