Divestiture • Information Technology

Aspen Technology Acquires OSI

On October 11, 2021, Aspen Technology acquired information technology company OSI from Emerson

Acquisition Context
  • This is Aspen Technology’s 1st transaction in the Information Technology sector.
  • This is Aspen Technology’s 1st transaction in the United States.
  • This is Aspen Technology’s 1st transaction in Minnesota.

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M&A Deal Summary

Date October 11, 2021
Target OSI
Sector Information Technology
Buyer(s) Aspen Technology
Sellers(s) Emerson
Deal Type Divestiture

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 4
Sector: Information Technology 1 of 2
Type: Divestiture 1 of 1
State: Minnesota 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 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.

Buy AU$900M

Seller Profile 1

SELLER

Emerson

St. Louis, Missouri, United States

Category Company
Founded 1890
Sector Diversified
Employees73,000
Revenue 17.5B USD (2024)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.


Deal Context for Seller #
Overall 23 of 27
Sector: Information Technology 1 of 1
Type: Divestiture 22 of 25
State: Minnesota 1 of 1
Country: United States 20 of 24
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Aspen Technology

Bedford, Massachusetts, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Mita-Teknik

Rodkaersbro, Denmark

Mita-Teknik is a manufacturer of control concepts for the wind turbine industry and other industries. The company offers a unique control concept for the wind turbine industry which can be tailored to the individual customer’s needs and spans the control, management and monitoring of both individual wind turbines and entire wind farms. Mita-Teknik was founded in 1969 and is based in Rodkaersbro, Denmark.

Buy -