AspenTech in deals to acquire Micromine

AspenTech announced that it has entered into an agreement reaffirming plans to purchase Micromine, a full-service mining software provider. The purchase is largely based on the leading software portfolio AspenTech, which plans to drive a metals market diversification strategy. In this way, it will facilitate the industry’s digital transformation and sustainability objectives.

You may also like “The price of oil in Canada dropped, the Canadian dollar weakened”

The transaction between these companies was completed in May 2022, thus accelerating Emerson’s software strategy. This deal demonstrated the commitment to building a higher growth, diversified and cohesive portfolio. The purchase has also become an example of driving growth through continued investment, mergers, and acquisitions.

Micromine is based in Perth, Australia, and offers relevant solutions for every step of the mining process. The range of solutions available is used at over 2,000 sites within all major mining regions. They range from exploration, evaluation, design, and planning to plan and optimization.

Also, after the acquisition of AspenTech, Emerson plans to remain a 55% shareholder in AspenTech.

More about Aspen Technology

It is a world leader in software, which helps the industry by meeting the growing demand for resources in a rapidly growing population. It does so profitably and sustainably.

Their solutions often address complex environments where optimizing the design life cycle is essential. In this concept, the assets’ operation and maintenance are considered. Thanks to its combination of deep experience and innovation, clients in industries can operate their assets safely. In addition, they can already take ecology into account, taking more time but being faster to improve operational excellence.

Related posts

McDermott designs liquid hydrogen sphere for undisclosed client


EnerVenue Launches ESVs, its Metal-Hydrogen Energy Storage Solution


Arizona State University Chosen to Head New DOE Institute: Driving Industrial Decarbonization and Electrification Forward