# Emerson Electric proposes to buy rest of AspenTech for $15.1 billion

Emerson Electric proposed to buy the remaining shares of AspenTech it does not own at a valuation of $15.1 billion, offering $240 per share in cash. Announced November 5, 2024.

- Type: Acquisition
- Announced: 2024-11-05
- Where: United States
- Value: $15.1B
- Status: announced
- Products: industrial automation software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Emerson Electric](https://endata.com/companies/654.md) (acquirer)
- [AspenTech](https://endata.com/companies/12449.md) (target)
- [Aspen Technology](https://endata.com/companies/36164.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/emerson-proposes-acquire-remaining-shares-aspentech-2024-11-05/), 2024-11-05: "Emerson offered $240 per share in cash for the rest of the industrial software technology provider."
- [drivesncontrols.com](https://drivesncontrols.com/emerson-bids-6-5bn-to-own-aspentech-and-grow-in-automation/), 2024-11-06: "The strategic and operating success of our partnership with AspenTech over the last two years gives us confidence that the time is right to bring Emerson and AspenTech together."

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