# Emerson and AspenTech complete transaction to create new AspenTech

Emerson combined its industrial software businesses (OSI Inc. and Geological Simulation Software business) with AspenTech, closing the transaction on May 16, 2022. Emerson owns 55% of the new AspenTech.

- Type: Acquisition
- Announced: 2022-05-16
- Where: Glendale, California, United States
- Status: completed
- Products: industrial software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Emerson](https://endata.com/companies/355.md) (acquirer)
- [Fluxa](https://endata.com/companies/9770.md) (target)
- [AspenTech](https://endata.com/companies/12449.md) (target)

## Sources

- [business.thepilotnews.com](https://business.thepilotnews.com/thepilotnews/article/bizwire-2022-5-16-emerson-and-aspentech-complete-transaction-creating-new-aspentech), 2022-05-16: "I am excited to announce the close of our transaction with AspenTech, which accelerates Emerson's software strategy and creates an enhanced, high-performance, leading industrial software company."
- [emerson.com](https://www.emerson.com/en/corporate/news/2022/emerson-acquires-fluxa), 2022-06-29: "Emerson’s automation solutions and market leadership, combined with Fluxa’s software, automates technology transfer in one step"

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