Emerson Completes Acquisition of Remaining Outstanding Shares of AspenTech

Core Points - Emerson has completed the acquisition of all outstanding shares of Aspen Technology, Inc. not already owned by Emerson, marking a significant milestone in Emerson's portfolio transformation [1][2] - AspenTech is now a wholly owned subsidiary of Emerson, with plans to enhance offerings and drive shareholder value [2] - Antonio Pietri will retire as CEO of AspenTech, with Vincent M. Servello appointed as the new President of the AspenTech business unit [3] Acquisition Details - Emerson's tender offer for AspenTech shares was priced at $265.00 per share in cash, which expired on March 11, 2025, with approximately 72% of the outstanding shares validly tendered [5][6] - Following the tender offer, Emerson completed the acquisition through a merger on March 12, 2025, and AspenTech shareholders who did not tender their shares are entitled to receive$ 265.00 per share [6] - AspenTech's shares have ceased trading on NASDAQ following the completion of the acquisition [6] Leadership Changes - Vincent M. Servello, who has been with Emerson since 2014, will lead AspenTech, bringing expertise in industrial technology and corporate strategy [3] - David Baker will continue as CFO of the AspenTech business unit [3] Integration into Emerson - AspenTech will operate as an independent business unit within Emerson, with its results consolidated into the Control Systems & Software segment [4]