M&A Deal Summary

Aspen Tech Acquires Bechtel PIMS

On January 8, 1997, Aspen Tech acquired software company Bechtel PIMS from Bechtel

Acquisition Highlights
  • This is Aspen Tech’s 1st transaction in the Software sector.
  • This is Aspen Tech’s 1st transaction in the United States.
  • This is Aspen Tech’s 1st transaction in Texas.

M&A Deal Summary
Date 1997-01-08
Target Bechtel PIMS
Sector Software
Buyer(s) Aspen Tech
Sellers(s) Bechtel
Deal Type Divestiture

Target

Bechtel PIMS

Houston, Texas, United States
Bechtel PIMS provides software products for planning and scheduling in the process industries, which are based on linear programming technology.

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Buyer(S) 1

Buyer

Aspen Tech

Bedford, Massachusetts, United States
Category Company
Founded 2021
Sector Software
Employees3,574
Revenue 1.0B USD (2022)
DESCRIPTION

Aspen Tech is a supplier of software that optimizes process manufacturing. Aspen Tech was founded in 1981 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 1 of 23
Sector (Software) 1 of 15
Type (Divestiture) 1 of 7
State (Texas) 1 of 4
Country (United States) 1 of 11
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-29 Chesapeake Decision Sciences

New Providence, New Jersey, United States

Chesapeake Decision Sciences is a provider of software and consulting for supply chain planning and optimization. Founded in 1982, the company has pioneered many of today’s leading supply chain management concepts, as the originator of both the applications environment approach and intelligent available-to-promise functions, among other key innovations. The MIMI decision support applications environment enables planning, scheduling and optimization solutions to be implemented quickly and easily.

Buy $135M

Seller(S) 1

SELLER

Bechtel

San Francisco, California, United States
Category Company
Founded 1898
Sector Construction
Employees53,000
DESCRIPTION
Bechtel office in Reston, Virginia.
Bechtel office in Reston, Virginia.

Bechtel is a global engineering, construction, and project management company. Bechtel's portfolio encompasses energy, transportation, communications, mining, oil and gas, and government services. Bechtel was formed in 1898 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Mergr

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