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Emerson to merge software units with AspenTech in $11 billion deal

FILE PHOTO: Emerson Electric Co is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid

(Reuters) – Industrial-automation systems maker Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion.

The cash-and-stock deal is for about $160 per AspenTech share, the company said.

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