M&A Deal Summary

Aspen Tech Acquires Hyprotech

On May 10, 2002, Aspen Tech acquired information services company Hyprotech

Acquisition Highlights
  • This is Aspen Tech’s 1st transaction in the Information Services sector.
  • This is Aspen Tech’s 1st transaction in Canada.
  • This is Aspen Tech’s 1st transaction in Alberta.

M&A Deal Summary
Date 2002-05-10
Target Hyprotech
Sector Information Services
Buyer(s) Aspen Tech
Deal Type Add-on Acquisition

Target

Hyprotech

Calgary, Alberta, Canada
Hyprotech Ltd. is a supplier of simulation and engineering software and service solutions to the process industries, including exploration & production, air separation, gas processing, refining, petrochemical, bulk chemical, specialty chemical, pharmaceutical, pulp & paper and food & beverage.

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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 4 of 22
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 15
State (Alberta) 1 of 1
Country (Canada) 1 of 3
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-02 Petrolsoft

Cambridge, Massachusetts, United States

Petrolsoft Corporation is a provider of distribution software for the petroleum industry.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-08 Aspen Technology - Key Production Optimization Technology

Bedford, Massachusetts, United States

Aspen Technology, Inc. - Key Production Optimization Technology is a provider of IT services in US.

Sell -
Mergr

Product

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