Emerson to Merge Software Units With AspenTech in $11 Billion Deal

Emerson Electric Co. is displayed connected a surface connected the level astatine the New York Stock Exchange (NYSE) successful New York connected Jan. 13, 2020. (Brendan McDermid/Reuters)

Companies

October 11, 2021 Updated: October 11, 2021

Industrial-automation systems shaper Emerson Electric Co. said connected Monday it would merge its software units with smaller rival Aspen Technology successful a deal for astir $11 billion.

The cash-and-stock woody is for astir $160 per AspenTech share, the institution said.