Emerson Acquires Remaining Shares of AspenTech in $7.2 Billion Deal
Deal News | Jan 27, 2025 | Goodwin
Emerson Electric Co. has agreed to acquire all outstanding shares of Aspen Technology, which it does not currently own, for $265 per share in an all-cash tender offer. This transaction values the minority stake at $7.2 billion, with the entire company valued at a market capitalization of $17 billion and an enterprise value of $16.8 billion. Upon the transaction's completion, AspenTech will be fully owned by Emerson. AspenTech, listed on NASDAQ as AZPN, provides software to help industries manage the growing demand for resources sustainably. Goodwin, with its Public M&A and Technology M&A teams, advised Qatalyst Partners, the financial advisor to AspenTech's Special Committee, on this transaction. The transaction underscores Emerson's strategy of enhancing its offerings in industrial software by fully integrating AspenTech, thereby boosting its market position significantly.
Sectors
- Technology
- Industrial Software
- Mergers & Acquisitions
Geography
- United States – Aspen Technology is based in the United States, and the acquisition involves Emerson Electric Co., an American multinational.
Industry
- Technology – AspenTech operates in the software industry, delivering solutions that help industries address the challenges of managing resources.
- Industrial Software – Emerson's acquisition of AspenTech reflects significant activity within the industrial software sector, aiming to enhance resource management capabilities.
- Mergers & Acquisitions – The article discusses a major acquisition, wherein Emerson will acquire the remaining shares of AspenTech.
Financials
- $265 per share – Price per share that Emerson will pay for the remaining outstanding shares of AspenTech.
- $7.2 billion – Value of the minority stake of AspenTech being acquired by Emerson.
- $17.0 billion – Total market capitalization of AspenTech calculated in the deal.
- $16.8 billion – Enterprise value of AspenTech as per the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Emerson Electric Co. | Bidding Company | Company | An American multinational corporation that manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets. |
| Aspen Technology, Inc. | Target Company | Company | Aspen Technology is a provider of software and services for the process industries, headquartered in the United States. |
| Qatalyst Partners | Financial Advisor | Company | An investment bank that acts as a financial advisor, in this case, advising the Special Committee of Aspen Technology. |
| Goodwin Procter LLP | Legal Advisor | Company | A law firm providing legal services, advisor for Qatalyst Partners in this transaction. |
| Special Committee of Aspen Technology | Selling Company | Company | The committee involved in negotiations representing the shareholders of AspenTech. |