Emerson announced it has agreed to acquire Open Systems International, Inc. (OSI Inc.), headquartered in Minneapolis, Minnesota, for $1.6 billion in an all cash transaction. OSI Inc. is an operations technology software provider that broadens and complements Emerson’s software portfolio and ability to help customers in the global power industry, as well as other end markets, in their quest to transform and digitize operations to more seamlessly incorporate renewable energy sources and improve energy efficiency and reliability.
By combining Emerson’s domain expertise and technology in power generation with OSI Inc.’s complementary software and reach within the power transmission and distribution sectors, the acquisition will equip customers with the end-to-end ability to monitor, control and optimize real-time operations across the power enterprise through scalable, software-enabled automation and data management.
OSI Inc.’s advanced modular technology offers customers tailored solutions for their power grid management needs and is scalable to other industries. Combining this technology with Emerson’s Ovation control system will provide utility customers with increased visibility into the current status of their power system, enabling unparalleled ability to optimize energy efficiency from generation through customer delivery –enabling the broader industry goal of minimizing carbon footprint.
The acquisition is expected to close in early fiscal 2021, subject to various regulatory approvals and other customary closing conditions.