Emerson and AspenTech Form Alliance to Deliver Digital Technologies

By Harry Forbes

Acquisition or Partnership

Emerson and AspenTech announced they have teamed up to deliver asset optimization software solutions along with global automation digital technologies and operational consulting services. Together, the two industry suppliers will help customers optimize production and drive operational excellence.

AspenTech’s suite of asset optimization software helps create value across all phases of the asset lifecycle – design, operate and maintain – in capital intensive and complex projects and operations, supporting Emerson’s Project Certainty and Operational Certainty initiatives. Emerson’s global footprint, automation engineering services and software, extensive large-scale project execution and consulting capabilities complement AspenTech’s technology footprint. Collectively, these capabilities can be deployed as solutions in both conventional and cloud-based architectures.

Digital Technologies for Three Software Disciplines

The alliance will initially focus on three key areas: engineering software, including high-fidelity simulation to help validate project design and train operators before start-up; manufacturing and supply chain software, including advanced process control software designed for highly complex operations; and asset performance management software to improve plant reliability.

Together, the two companies will provide holistic optimization strategies that rely on real-time data, advanced analytics enabled by machine learning, and rich process knowledge to help bring measurable business improvements in production, as well as in the areas of reliability, safety and energy management.



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