M&A Deal Summary

Aspen Technology Acquires Micromine

On July 27, 2022, Aspen Technology acquired software company Micromine from Potentia Capital for 900M AUD

Acquisition Highlights
  • This is Aspen Technology’s 1st transaction in the Software sector.
  • This is Aspen Technology’s 0th largest (disclosed) transaction.
  • This is Aspen Technology’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-07-27
Target Micromine
Sector Software
Buyer(s) Aspen Technology
Sellers(s) Potentia Capital
Deal Type Add-on Acquisition
Deal Value 900M AUD
Advisor(s) J.P. Morgan Securities (Financial)
Johnson Winter & Slattery (Legal)

Target

Micromine

Perth, Australia
Micromine is a software company that provides advanced technology for the exploration and mining sector. The company's products include Micromine Origin, Micromine Beyond, Micromine Geobank, Micromine Pitram, Micromine Spry, Micromine Alastri, and now Micromine Nexus. Together, they cover the entire mining lifecycle, from geological exploration and data management to resource estimation, 3D mine design, planning, scheduling, and production control. Micromine is based in Perth, Australia.

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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 2 of 4
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 OSI

Medina, Minnesota, United States

Open Systems International, Inc. is a technology company provides open, state-of-the-art and high-performance enterprise automation solutions to utilities worldwide. these solutions include supervisory control and data acquisition (scada) systems, energy management systems (ems), distribution management systems (dms), outage management systems (oms), generation management systems (gms), substation automation (sa) systems, data warehousing (historian) analytics, distributed energy resource management systems (derms), situational awareness systems, pipeline application systems (pas), individual software and hardware products, and smart grid solutions for utility operations.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

DESCRIPTION

Potentia Capital is a specialist private equity firm focused on technology and tech-enabled businesses. The Firm seeks Australian or New Zealand based companies with revenue between $10 and $150 million. Potentia Capital was established in 2014 and is based in Sydney, Australia.


DEAL STATS #
Overall 1 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Australia M&A 1 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 EstimateOne

Richmond, Australia

EstimateOne is a digital procurement platform for commercial construction, connecting commercial builders, subcontractors, and suppliers. EstimateOne was founded in 2008 and is based in Richmond, Victoria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Soprano Design

North Sydney, Australia

Soprano Design is a provider of mobile messaging technology for mobile network carriers and enterprise customers worldwide. Soprano Communication Platform as a Service (CPaaS) is actively deployed by thousands of enterprises and government organizations around the world for trusted mobile interactions, which include SMS, voice, email, IP, and omnichannel messaging. Soprano Design was founded in 1994 and is based in North Sydney, New South Wales.

Buy -