October 11 - 12:10
Emerson to merge industrial software tech businesses with AspenTech
Emerson has struck a deal to merge its two industrial software businesses with AspenTech, a smaller rival in the space. It hopes the move will give it leadership in the industrial software market. "New AspenTech" will have greater scale, capabilities and technologies. Emerson has contributed $6bn in exchange for a majority share in the new company. In total the transaction is worth $11bn.
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