# Emerson's software units and AspenTech to merge in $11B deal

Emerson Electric Co. will combine its software units with AspenTech in an $11 billion deal. The transaction creates a new industrial software company.

- Type: Acquisition
- Announced: 2021-10-11
- Where: United States
- Value: $11.0B
- Status: announced
- Products: industrial software
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Emerson Electric](https://endata.com/companies/654.md)
- [Aspen Technology](https://endata.com/companies/36164.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/technology/emerson-plans-11-bln-merger-industrial-software-units-with-aspentech-wsj-2021-10-11/), 2021-10-11: "Emerson's software units, AspenTech to merge in $11 bln deal"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.