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
Delayed Nyse  -  04:04 2022-09-29 pm EDT
74.20 USD   -1.09%
09/28Emerson Announces Agreement to Divest its Russia Business to Local Management | Emerson US
AQ
09/28US Software Group Emerson To Exit Russian Business
MT
09/27Sector Update: Energy Stocks, Crude Oil Finishing Higher on Tuesday
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Emerson's Majority Owned Subsidiary, AspenTech, Announces Agreement to Acquire Metals and Mining Software Leader Micromine

07/28/2022 | 05:28am EDT

Acquisition will further AspenTech's diversification into metals and mining market through end-to-end software provider.

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 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASPEN TECHNOLOGY -2.32% 234.08 Delayed Quote.57.46%
EMERSON ELECTRIC CO. -1.09% 74.2 Delayed Quote.-19.31%
All news about EMERSON ELECTRIC CO.
09/28Emerson Announces Agreement to Divest its Russia Business to Local Management | Emerson..
AQ
09/28US Software Group Emerson To Exit Russian Business
MT
09/27Sector Update: Energy Stocks, Crude Oil Finishing Higher on Tuesday
MT
09/27Sector Update: Energy Stocks, Crude Oil Prices Rebounding This Afternoon
MT
09/27Emerson to sell Russia business to local management
RE
09/27Emerson Electric Strikes Deal to Sell Russia Business to Local Management
MT
09/27Emerson Electric to Sell Russia Business to Local Management
DJ
09/27Emerson Announces Agreement to Divest its Russia Business to Local Management
BU
09/27The local management team agreed to acquire Russia Business, Metran and Emerson LLC fro..
CI
09/22Emerson Announces 2022 ASCO Engineering Scholarship Recipient
AQ
More news
Analyst Recommendations on EMERSON ELECTRIC CO.
More recommendations
Financials (USD)
Sales 2022 19 592 M - -
Net income 2022 3 108 M - -
Net Debt 2022 8 636 M - -
P/E ratio 2022 14,3x
Yield 2022 2,75%
Capitalization 44 359 M 44 359 M -
EV / Sales 2022 2,70x
EV / Sales 2023 2,45x
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 75,02 $
Average target price 103,54 $
Spread / Average Target 38,0%
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.-19.31%44 359
KEYENCE CORPORATION-31.77%82 818
SCHNEIDER ELECTRIC SE-32.82%62 021
EATON CORPORATION PLC-22.51%53 336
NIDEC CORPORATION-34.78%35 091
AMETEK, INC.-23.96%26 255