Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

EMERSON ELECTRIC CO.

(EMR)
  Report
Real-time Estimate Cboe BZX  -  02:57 2022-10-05 pm EDT
79.86 USD   +2.05%
09:13aETF Preview: ETFs, Futures Decline Pre-Bell After Private Payroll, Trade Deficit Reports
MT
04:21aBlackstone Reportedly in Talks to Buy Part of Emerson Electric's Commercial, Residential Offerings Business
MT
10/04Blackstone in Talks to Buy Assets From Emerson Electric, Bloomberg Reports
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

AspenTech Announces Agreement to Acquire Micromine | Emerson US

07/28/2022 | 04:15am EDT

ST. LOUIS - Emerson's (NYSE: EMR) majority owned subsidiary, AspenTech (NASDAQ: AZPN), today announced it has entered into an agreement to acquire Micromine, an end-to-end mining software provider. This acquisition will build on AspenTech's leading software portfolio, furthering its diversification strategy into the metals and mining market and facilitating the digital transformation and sustainability goals of the industry.

The transaction with AspenTech, which closed in May 2022, accelerates Emerson's software strategy and demonstrates commitment to build a higher growth, more diversified and cohesive portfolio. This proposed acquisition of Micromine is an example of how Emerson and AspenTech will drive growth through continued investment and M&A.

Micromine, headquartered in Perth, Australia, offers solutions relevant to every step of the mining process from exploration, evaluation, design and planning through production and optimization. Micromine's solutions are used at over 2,000 sites across all major mining regions.

Following AspenTech's completion of the proposed acquisition, Emerson will continue to be a 55% shareholder in AspenTech.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.

About Aspen Technology

Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world's dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in capital-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impacts of the COVID-19 pandemic and the Russia-Ukraine conflict, as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ASPEN TECHNOLOGY 1.98% 255.31 Delayed Quote.64.29%
EMERSON ELECTRIC CO. 1.94% 79.83 Delayed Quote.-15.83%
All news about EMERSON ELECTRIC CO.
09:13aETF Preview: ETFs, Futures Decline Pre-Bell After Private Payroll, Trade Def..
MT
04:21aBlackstone Reportedly in Talks to Buy Part of Emerson Electric's Commercial, Residentia..
MT
10/04Blackstone in Talks to Buy Assets From Emerson Electric, Bloomberg Reports
DJ
10/04Blackstone in talks to buy Emerson's assets for up to $10 billion - Bloomberg News
RE
10/04Blackstone Reportedly in Talks to Acquire Select Emerson Assets
CI
10/04Emerson - Colgate-Palmolive Pursues Net Zero Carbon Target with Emerson's Smart Sensor ..
AQ
10/04Emerson Electric : Colgate-Palmolive Pursues Net Zero Carbon Target with Emerson's Smart S..
PU
10/03Barclays Adjusts Emerson Electric's Price Target to $80 From $82, Keeps Equalweight Rat..
MT
10/01Emerson Electric : Colgate-Palmolive Pursues Net Zero Carbon Target with Emerson's Smart S..
PU
10/01Plantweb™ Digital Ecosystem : The Key to Your Sustainability Goals
PU
More news
Analyst Recommendations on EMERSON ELECTRIC CO.
More recommendations
Financials (USD)
Sales 2022 19 582 M - -
Net income 2022 3 108 M - -
Net Debt 2022 8 042 M - -
P/E ratio 2022 14,9x
Yield 2022 2,64%
Capitalization 46 269 M 46 269 M -
EV / Sales 2022 2,77x
EV / Sales 2023 2,52x
Nbr of Employees 86 700
Free-Float 61,6%
Chart EMERSON ELECTRIC CO.
Duration : Period :
Emerson Electric Co. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EMERSON ELECTRIC CO.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 78,25 $
Average target price 102,63 $
Spread / Average Target 31,2%
EPS Revisions
Managers and Directors
Surendralal L Karsanbhai President, Chief Executive Officer & Director
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
James S. Turley Chairman
Jake Fritz Chief Information Officer & Vice President
Ram R. Krishnan President-Asia Climate Technologies
Sector and Competitors
1st jan.Capi. (M$)
EMERSON ELECTRIC CO.-15.83%46 269
KEYENCE CORPORATION-30.48%84 400
SCHNEIDER ELECTRIC SE-28.11%68 590
EATON CORPORATION PLC-16.98%57 148
NIDEC CORPORATION-37.60%33 583
AMETEK, INC.-20.06%27 807