Emerson Acquires Full Control of AspenTech

Emerson Electric Co. has agreed to acquire the remaining 43% of Aspen Technology shares it does not own, in a deal valued at $7.2 billion, offering $265 per share. This acquisition transforms AspenTech into a wholly owned subsidiary and aims to bolster Emerson's shift towards becoming a leader in automation-focused industrial technology. Emerson, which already held a 57% stake since 2022 when it invested $6 billion, expects to close the purchase in the first half of 2025. The move increases AspenTech's market valuation to $17 billion, enhancing its offerings in software and AI for industrial applications. Both companies' boards have unanimously approved the deal, reflecting a broader industry trend of consolidation in the industrial automation sector. Emerson plans to finance the acquisition with cash and debt, highlighting its commitment to a technology-forward transformation.