Emerson agrees to acquire Open Systems International for $1.6 billion

Emerson announced it has agreed to acquire Open Systems International, Inc. (OSI Inc.), a software provider for power grid management, for $1.6 billion in an all-cash transaction. The acquisition will expand Emerson's software portfolio for the power industry.

“This acquisition will help the power industry maximize the remarkable opportunity to harness renewable energy sources and to accelerate the transformation to the smart power grid.”emerson.com

• 2 sources
• emerson.comEmerson Expands Commitment to Advanced Software Solutions with Agreement to Purchase Open Systems International, Inc. (OSI Inc.)Aug 26, 2020
• emerson.comEmerson Expands Industrial Automation Control and Software Footprint with New AgreementSep 30, 2020

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