Global engineering and automation giant Emerson has agreed to complete its takeover of industrial software solutions provider AspenTech.

U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday. The takeout deal strengthens Emerson's transformation from its 1890 origins as a motor and fan manufacturer in St.

Emerson Electric Company to acquire Aspen Technology shares not already owned by them in a $7.2 billion deal, valuing shares at $265 each. Deal expected to close in 2025.

Shares of Emerson (EMR) and Aspen Technology Inc. (AZPN) traded in the green on Monday after Emerson said it will acquire all outstanding shares of common stock of Aspen not already owned by it for $265 per share in cash,