News for Panel Builders

Emerson and Aspen Technology, Inc. have recently announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 billion, and values the total company at a fully diluted market capitalization of $17.0 billion with an enterprise value of $16.8 billion. Emerson currently owns approximately 57% of AspenTech’s outstanding shares of common stock following Emerson’s 55% majority investment completed in 2022. Upon the closing of the transaction, AspenTech will become a wholly owned subsidiary of Emerson.

Emerson has won the “Industrial IoT Innovation of the Year” award for its DeltaV Workflow Management software at the 9th annual IoT Breakthrough Awards. The award recognizes Emerson’s next generation, software-as-a-service solution to help life sciences companies more efficiently develop, scale and manufacture life-changing cell and gene therapies. Designed specifically for companies in early-stage development with limited IT infrastructure, DeltaV Workflow Management provides a cloud-based solution that transitions drug recipe workflow data from paper-based records to digital records, providing a simple and scalable solution with no coding experience required.