Emerson Electric (EMR.N) announced on Monday that it will acquire the remaining shares of AspenTech (AZPN.O) that it does not already own, in a deal valuing the stake at $7.2 billion. The acquisition price is set at $265 per share in an all-cash tender offer.
Currently holding a 57% stake in AspenTech, Emerson’s move aims to consolidate its position in the industrial software sector. The acquisition underscores Emerson’s strategy to strengthen its portfolio and expand its digital automation capabilities.
AspenTech’s shares rose 2.8% in premarket trading following the announcement, signaling positive market sentiment toward the deal.
This acquisition highlights the growing trend of strategic consolidations in the industrial technology space, as companies aim to deliver more comprehensive digital solutions to their clients.