Emerson Expands Opportunities with AspenTech Acquisition Complete

Author: Owen Jenkins Updated: 03-12-2025 08:54 AM

Emerson Completes Acquisition of AspenTech

Emerson has successfully concluded the acquisition of all outstanding shares of common stock of Aspen Technology, Inc. This strategic move reflects Emerson's commitment to evolving its business footprint and enhancing its technological offerings.

A New Chapter for Emerson and AspenTech

Lal Karsanbhai, President and Chief Executive Officer of Emerson, expressed enthusiasm about this acquisition, noting it as a significant milestone in Emerson’s transformation journey. He acknowledged the leadership of Antonio Pietri, the outgoing CEO of AspenTech, and emphasized a collaborative future with the adept AspenTech team.

Leadership Transition at AspenTech

Post-acquisition, Antonio Pietri will retire, and Vincent M. Servello has been appointed as President of AspenTech. Servello’s impressive background within Emerson since 2014 includes roles with increasing responsibility, showcasing his adeptness in industrial technology and strategic development. David Baker, previously Chief Financial Officer at AspenTech, will continue in this role, ensuring continuity and strong financial leadership.

Understanding the Acquisition Process

Prior to the acquisition, Emerson executed a tender offer for AspenTech shares at a price of $265.00 per share. This offer garnered substantial interest, with nearly 72% of the shares validly tendered and not withdrawn, as confirmed by Equiniti Trust Company, LLC. Following the tender offer, the remaining shares were acquired through a merger, officially bringing AspenTech under the Emerson umbrella.

Shareholders who haven't yet tendered their shares will receive $265.00 for each share of AspenTech they own, marking a definitive closure to the independent trading of AspenTech on NASDAQ.

Financial and Strategic Advisors

Emerson's acquisition was supported by financial advisors Goldman Sachs & Co. LLC and Centerview Partners LLC, with Davis Polk & Wardwell LLP providing legal counsel. Communications throughout this transition involved strategic guidance from Joele Frank, Wilkinson Brimmer Katcher.

About Emerson

Emerson operates as a global leader in industrial technology, specializing in automation solutions that empower businesses to optimize performance. With headquarters in Saint Louis, Missouri, Emerson is known for its comprehensive portfolio of intelligent devices, control systems, and industrial software, aiming to transform the landscape of automation for various industries.

Frequent Questions

What prompted Emerson to acquire AspenTech?

The acquisition aligns with Emerson’s strategy to enhance its portfolio and leverage AspenTech's advanced technologies in automation solutions.

What leadership changes occurred following the acquisition?

After the acquisition, Antonio Pietri retired, and Vincent M. Servello took over as President of AspenTech, supported by David Baker as CFO.

What was the tender offer price for AspenTech shares?

Emerson's tender offer for AspenTech shares was set at $265.00 per share in cash.

How much of AspenTech's stock was tendered during the offer?

Approximately 72% of the outstanding shares of AspenTech not owned by Emerson were validly tendered during the offer.

What will happen to AspenTech's shares after the acquisition?

AspenTech's shares of common stock have ceased trading on NASDAQ following the acquisition by Emerson.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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