Emerson and AspenTech announced that the companies have entered into a definitive agreement to contribute Emerson’s industrial software businesses to create a diversified, high-performance industrial software leader with greater scale, capabilities and technologies.
AspenTech is a global leader in asset optimization software. The new AspenTech will provide differentiated offerings in Industrial AI and asset optimization with Emerson’s grid modernization technology, advanced distribution management systems and geological simulation software. With Emerson’s strong capabilities, new AspenTech will have an end-to-end software offering and be even better positioned to help customers improve their safety, reliability and production while reducing emissions.
