WSJ News Exclusive | Emerson Plans to Merge Industrial-Software Businesses With AspenTech

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Emerson Electric plans to merge two software businesses with Aspen Technology in a roughly $11 billion deal, a bid to capture demand for industrial tech

Emerson Electric Co. plans to merge two of its software businesses with Aspen Technology Inc. in a roughly $11 billion deal aimed at capturing growing demand for industrial technology.

The cash-and-stock transaction would value AspenTech, as the company is known, at around $160 a share, officials from the companies said. AspenTech’s shareholders would receive $87 and 0.42 share of the combined company for each share they currently own. The transaction is expected to be announced Monday.

 

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