Emerson Completes Acquisition of Remaining Outstanding Shares of AspenTech
Emerson (NYSE: EMR) has successfully completed the acquisition of all remaining outstanding shares of AspenTech not previously owned, marking a significant milestone in Emerson's portfolio transformation. The tender offer expired on March 11, 2025, with shareholders receiving $265.00 per share in cash.
The tender offer resulted in approximately 19.5 million shares being validly tendered, representing about 72% of AspenTech's outstanding shares not already owned by Emerson. Following the tender offer completion, AspenTech has become a wholly owned subsidiary of Emerson and its shares have ceased trading on NASDAQ.
Key leadership changes include Antonio Pietri's retirement as AspenTech CEO, with Vincent M. Servello appointed as President of the AspenTech business unit. AspenTech will operate as an independent business unit, with its results being consolidated into Emerson's Control Systems & Software segment.
Emerson (NYSE: EMR) ha completato con successo l'acquisizione di tutte le azioni rimanenti di AspenTech non precedentemente possedute, segnando una tappa significativa nella trasformazione del portafoglio di Emerson. L'offerta pubblica è scaduta l'11 marzo 2025, con gli azionisti che hanno ricevuto $265,00 per azione in contante.
L'offerta pubblica ha portato a circa 19,5 milioni di azioni valide, rappresentando circa il 72% delle azioni in circolazione di AspenTech non già possedute da Emerson. A seguito del completamento dell'offerta pubblica, AspenTech è diventata una controllata interamente posseduta da Emerson e le sue azioni hanno smesso di essere quotate su NASDAQ.
I principali cambiamenti nella leadership includono il ritiro di Antonio Pietri come CEO di AspenTech, con Vincent M. Servello nominato Presidente dell'unità aziendale AspenTech. AspenTech opererà come un'unità aziendale indipendente, con i suoi risultati consolidati nel segmento Sistemi di Controllo e Software di Emerson.
Emerson (NYSE: EMR) ha completado con éxito la adquisición de todas las acciones restantes de AspenTech que no eran propiedad de la compañía, marcando un hito significativo en la transformación del portafolio de Emerson. La oferta pública expiró el 11 de marzo de 2025, y los accionistas recibieron $265.00 por acción en efectivo.
La oferta pública resultó en aproximadamente 19.5 millones de acciones que fueron válidamente ofrecidas, representando alrededor del 72% de las acciones en circulación de AspenTech que no eran propiedad de Emerson. Tras la finalización de la oferta pública, AspenTech se ha convertido en una subsidiaria de propiedad total de Emerson y sus acciones han dejado de cotizar en NASDAQ.
Los cambios clave en la dirección incluyen la jubilación de Antonio Pietri como CEO de AspenTech, con Vincent M. Servello nombrado Presidente de la unidad de negocio de AspenTech. AspenTech operará como una unidad de negocio independiente, con sus resultados consolidados en el segmento de Sistemas de Control y Software de Emerson.
엠슨(Emerson) (NYSE: EMR)은 이전에 소유되지 않았던 아스펜텍(AspenTech)의 모든 잔여 주식을 성공적으로 인수하였으며, 이는 엠슨의 포트폴리오 변화를 위한 중요한 이정표가 되었습니다. 공개 매수는 2025년 3월 11일에 종료되었으며, 주주들은 $265.00 per share의 현금을 받았습니다.
이번 공개 매수로 약 1950만 주가 유효하게 제출되었으며, 이는 엠슨이 소유하지 않은 아스펜텍의 총 주식의 약 72%에 해당합니다. 공개 매수 완료 후, 아스펜텍은 엠슨의 완전 소유 자회사가 되었으며, 그 주식은 NASDAQ에서 거래가 중단되었습니다.
주요 리더십 변화로는 아스펜텍의 CEO인 안토니오 피에트리(Antonio Pietri)의 은퇴와 빈센트 M. 세르벨로(Vincent M. Servello)가 아스펜텍 사업부의 사장으로 임명된 것입니다. 아스펜텍은 독립적인 사업부로 운영되며, 그 결과는 엠슨의 제어 시스템 및 소프트웨어 부문에 통합될 것입니다.
Emerson (NYSE: EMR) a réussi à finaliser l'acquisition de toutes les actions restantes de AspenTech qui n'étaient pas déjà en sa possession, marquant une étape importante dans la transformation du portefeuille d'Emerson. L'offre publique a expiré le 11 mars 2025, les actionnaires recevant 265,00 $ par action en espèces.
L'offre publique a abouti à environ 19,5 millions d'actions qui ont été valablement proposées, représentant environ 72% des actions en circulation d'AspenTech non déjà détenues par Emerson. Suite à l'achèvement de l'offre publique, AspenTech est devenue une filiale à part entière d'Emerson et ses actions ont cessé d'être négociées sur le NASDAQ.
Les principaux changements de direction incluent la retraite d'Antonio Pietri en tant que PDG d'AspenTech, avec Vincent M. Servello nommé président de l'unité commerciale d'AspenTech. AspenTech fonctionnera comme une unité commerciale indépendante, avec ses résultats consolidés dans le segment Systèmes de Contrôle et Logiciels d'Emerson.
Emerson (NYSE: EMR) hat erfolgreich die Übernahme aller verbleibenden ausstehenden Aktien von AspenTech abgeschlossen, die zuvor nicht im Besitz waren, und damit einen bedeutenden Meilenstein in der Transformation des Portfolios von Emerson erreicht. Das Angebot lief am 11. März 2025 aus, wobei die Aktionäre 265,00 $ pro Aktie in bar erhielten.
Das Angebot führte zu etwa 19,5 Millionen Aktien, die gültig angeboten wurden, was etwa 72% der ausstehenden Aktien von AspenTech entspricht, die noch nicht im Besitz von Emerson waren. Nach Abschluss des Angebots ist AspenTech zu einer hundertprozentigen Tochtergesellschaft von Emerson geworden, und ihre Aktien werden nicht mehr an der NASDAQ gehandelt.
Wichtige Führungswechsel umfassen den Rücktritt von Antonio Pietri als CEO von AspenTech, wobei Vincent M. Servello zum Präsidenten der AspenTech-Geschäftseinheit ernannt wurde. AspenTech wird als unabhängige Geschäftseinheit operieren, deren Ergebnisse in das Segment Steuerungssysteme & Software von Emerson konsolidiert werden.
- Complete acquisition gives Emerson full control over AspenTech's operations and technology
- Strong tender offer acceptance with 72% of outstanding shares tendered
- Strategic portfolio transformation milestone achieved
- Significant cash outflow for share purchases at $265.00 per share
- Leadership transition risks with CEO retirement and new management
Insights
Emerson has completed its acquisition of all remaining outstanding shares of AspenTech for
With this transaction, AspenTech becomes a wholly owned subsidiary of Emerson and will operate as an independent business unit within the Control Systems & Software segment. AspenTech's shares have ceased trading on NASDAQ as the company completes its transition to full Emerson ownership.
The acquisition represents a strategic move to enhance Emerson's industrial automation and software capabilities. By fully integrating AspenTech, Emerson strengthens its position in high-value industrial software solutions, which typically command higher margins than traditional hardware components.
The leadership transition includes AspenTech CEO Antonio Pietri's retirement and the appointment of Vincent M. Servello as President of the AspenTech business unit. Servello brings valuable industrial technology expertise from his previous role as Vice President of Strategy & Corporate Development at Emerson.
This completed acquisition provides certainty to investors regarding Emerson's strategic direction, consolidating its position in the industrial automation market while expanding its technological capabilities. The deal marks a decisive step in Emerson's evolution toward higher-value software and automation solutions, reinforcing its competitive positioning in an increasingly software-driven industrial landscape.
"The completion of our acquisition of AspenTech marks a key milestone in the final phase of Emerson's portfolio transformation," said Emerson President and Chief Executive Officer Lal Karsanbhai. "I want to thank Antonio for his leadership of AspenTech and partnership with Emerson over the years. We look forward to welcoming the talented AspenTech team to Emerson and continuing to drive shareholder value as we enhance our offering."
With the completion of the acquisition, AspenTech is now a wholly owned subsidiary of Emerson.
Antonio Pietri will retire from his role as CEO of AspenTech. Vincent M. Servello has been appointed to lead the AspenTech business unit as President. Mr. Servello joined Emerson in 2014 and has served in a variety of leadership roles with increasing responsibility, most recently as Vice President, Strategy & Corporate Development for the enterprise since 2021. He brings deep expertise in industrial technology, operational execution and corporate strategy to AspenTech. David Baker, who served as Chief Financial Officer of AspenTech prior to the completion of the transaction, will continue to serve as business unit CFO.
As an independent business unit, AspenTech's results will be consolidated into the Control Systems & Software segment, which is led by Sabee Mitra, Business Group President of Control Systems & Software.
Successful Completion of Tender Offer and Merger
Prior to the completion of the transaction, Emerson's tender offer for all outstanding shares of common stock of AspenTech not already owned by Emerson for
Following completion of the tender offer, Emerson completed the acquisition of the remaining outstanding shares of common stock of AspenTech on March 12, 2025 through a merger.
AspenTech shareholders who have not already tendered their shares are entitled to receive
AspenTech's shares of common stock have ceased trading on the NASDAQ.
Advisors
Goldman Sachs & Co. LLC and Centerview Partners LLC served as financial advisors to Emerson, and Davis Polk & Wardwell LLP served as legal advisor. Joele Frank, Wilkinson Brimmer Katcher served as strategic communications advisor to Emerson.
About Emerson
Emerson (NYSE: EMR) is a global industrial technology leader that provides advanced automation. With an unmatched portfolio of intelligent devices, control systems, and industrial software, Emerson delivers solutions that automate and optimize business performance. Headquartered in
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impacts of the
Emerson uses our Investor Relations website, www.Emerson.com/investors, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts and social media. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Contacts
Investors
Colleen Mettler
314-553-2197
Media
Joseph Sala / Greg Klassen / Connor Murphy
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
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SOURCE Emerson
FAQ
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