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  5. Aspen Technology Acquires Open Grid Systems

M&A Deal Summary

Aspen Technology Acquires Open Grid Systems

On November 4, 2024, Aspen Technology acquired information technology company Open Grid Systems

Acquisition Highlights
  • This is Aspen Technology’s 2nd transaction in the Information Technology sector.
  • This is Aspen Technology’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-11-04
Target Open Grid Systems
Sector Information Technology
Buyer(s) Aspen Technology
Deal Type Add-on Acquisition

Target

Open Grid Systems

Glasgow, United Kingdom
Open Grid Systems provides network model management technology and develops model-driven applications supporting open access to data through industry standards. The company is committed to supporting open access to data using standards and cutting-edge technology with expertise in the areas of data management, information modeling, machine learning, data visualization, and power system network analysis software. Open Grid Systems was formed in 2010 and is based in Glasgow, United Kingdom.

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Buyer(S) 1

Buyer

Aspen Technology

Bedford, Massachusetts, United States
Category Company
Founded 2021
Sector Software
Employees1,187
Revenue 1.1B USD (2024)
DESCRIPTION

AspenTech is a global asset management software provider, making enterprise asset performance management, asset performance monitoring, and asset optimization solutions, making industrial digital transformation possible. Aspen Technology was formed in 2021 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 inmation

Köln, Germany

inmation is a technology company in the field of industrial real-time information management, inmation’s global customer base is comprised of leading companies operating in different industry sectors including pharmaceuticals, chemical, manufacturing, oil & gas, and others. inmation was founded in 2013 and is based in Köln, Germany.

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