Emerson and AspenTech announced the successful closing of the combination of Emerson’s industrial software businesses – OSI Inc. and its Geological Simulation Software business – with AspenTech to create a global industrial software leader which will continue to operate under the AspenTech name. With the close of the transaction, Emerson owns 55% of ‘new AspenTech’ on a fully diluted basis and AspenTech shareholders own the remaining 45%.
“I am excited to announce the close of our transaction with AspenTech, which accelerates Emerson’s software strategy and creates an enhanced, high-performance, leading industrial software company with immediate scale and relevance in a fast-paced, evolving market,” stated Lal Karsanbhai, president and chief executive officer of Emerson. “Today marks a significant milestone for Emerson and is a testament to our commitment to continue building a higher-growth, more diversified portfolio. Together with new AspenTech, we expect to realise significant revenue and cost synergies, while having the platform and flexibility to strategically deploy capital for growth through continued investment and mergers and acquisitions.”
Antonio Pietri, president and chief executive officer of new AspenTech, said, “We have now begun a new era at AspenTech, expanding our global leadership in industrial software by providing capabilities that support the entire lifecycle of complex operations across a wide range of industry verticals.
“With a comprehensive software portfolio, an expanded global sales channel and an even stronger balance sheet reinforced by Emerson, new AspenTech will be uniquely positioned to help our customers address the dual challenge of meeting the increasing global demand for resources in a sustainable manner. As we move forward, I am confident that new AspenTech is poised for significant growth and continued success as we deliver value for our customers, employees and shareholders.”
Compact valve position indicator Emerson Automation Solutions
Valves, Actuators & Pump Control
Emerson’s new TopWorx DVR Switchbox is an entry-level addition to the DV Series of valve position indicators. It combines a durable resin enclosure, compact size, and a patented cam design that provides a reliable valve position feedback for water and wastewater systems, food and beverage production lines, and industrial utilities.
Read more...BMG’s machine tools on show at Machine Tools Africa Bearing Man Group t/a BMG
News
BMG will be participating at the Machine Tools Africa exhibition. Its stand will showcase the company’s comprehensive range of quality branded tools and equipment, which has been carefully selected by specialists, to meet the exact requirements of customers in diverse sectors.
Read more...From the editor's desk: The digital deluge Technews Publishing (SA Instrumentation & Control)
News
One of the issues arising out of our newfound ability to generate our own electricity is the ability to store it. BESS systems are the order of the day, and we regularly run stories on this new development. ...
Read more...University of Pretoria unveils immersive technology laboratory
News
The University of Pretoria’s faculty of Engineering, Built Environment and Information Technology is proud to announce the launch of its new Immersive Technology Lab at the Department of Information Science. This cutting-edge facility marks a significant milestone in the university’s journey towards integrating advanced immersive technologies into its curriculum and research initiatives.
Read more...IS3 X-Change 2024 conference
News
X-Change is an annual gathering of tech enthusiasts, industry leaders and visionaries pushing the boundaries of innovation. Join IS3 for an immersive experience that celebrates the latest in technology and fosters networking opportunities, and discover how your organisation can benefit from AVEVA software and the IS3 industry solution partner ecosystem.
Read more...Exploring the role of AI in recruitment
News
In an era defined by rapid technological advancements, the integration of AI is proving to be transformative across various industries. Thankfully, and in contradiction to what many people believe, AI enhances many functions, rather than replacing real people.
Read more...Celebrating three decades of innovation in Africa's premier industrial software conference
News
With a rich 29-year history, the X-Change User Conference stands as Africa's largest and most prestigious annual gathering dedicated to industrial software and related technology. Hosted by Industry Software Solutions & Support (IS3), this year, X-Change 2024 promises to be even more impactful as it celebrates three decades of innovation and collaboration.
printer friendly version