After 31 years as a publicly-traded Massachusetts company, Aspen Technology has ceased to exist as an independent firm.
The acquisition of a remaining stake in AspenTech will allow Emerson to penetrate new markets and boost its automation portfolio.
ST. LOUIS, March 12, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that it has completed its acquisition of all ...
AspenTech is now a wholly owned subsidiary of Emerson. Antonio Pietri will retire from his role as CEO of AspenTech. Vincent Servello has been appointed to lead the AspenTech business unit as ...
Emerson, an automation technology provider, has agreed to acquire the remaining shares it doesn’t own of software supplier AspenTech for $265 per share in an all-cash tender offer. The minority ...
With this move, AspenTech becomes a fully owned subsidiary of Emerson. According to InvestingPro data, Emerson maintains strong financial health with a Piotroski Score of 7 and annual revenue of $ ...
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We are raising our fair value estimate to $265 per share from $240 previously for wide-moat AspenTech after the firm reported strong second-quarter results. Our fair value reflects the acquisition ...
LOUIS, March 12, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that it has completed its acquisition of all outstanding shares of common stock of Aspen Technology, Inc. ("AspenTech ...
With the completion of the acquisition, AspenTech is now a wholly owned subsidiary of Emerson. Antonio Pietri will retire from his role as CEO of AspenTech. Vincent Servello has been appointed to lead ...
ST. LOUIS - Emerson (NYSE: EMR), a global industrial technology leader with a market capitalization of $62.4 billion and impressive gross profit margins of 52.4%, announced the completion of its ...
The transaction followed the conclusion of a tender offer for all outstanding shares of AspenTech at $265 per share, which expired on Tuesday, March 11, 2025. The tender offer, initiated on February ...