OptiPlant Acquisition Strengthens Aspen Technology’s Solutions for Owner-Operators In The Process Industries

By Peter Reynolds

Category:
Acquisition or Partnership

Aspen Technology, Inc. announced the OptiPlant acquisition to further strengthen the company’s solutions for owner-operators and EPC companies in the process industries.  AI-driven 3D conceptual plant layout with parametric asset models and automatic pipe routing enables closer collaboration between owner-operators and EPCs to improve accuracy, reliability and speed of cost estimates from the earliest project stages.

OptiPlant solutions enhance early layout optioneering helping save capital, improving asset safety and environmental performance for owner-operators.  They help EPCs increase agility and speed of Conceptual and Front-End Engineering Design (FEED) development, dramatically reducing the engineering effort.  Common visualization accelerates collaboration between owner-operator and EPCs and between Process, Mechanical, Piping and Layout Engineering disciplines.  OptiPlant’s approach to automated plant and piping layout integrates with AspenTech’s modeling (Aspen Plus and HYSYS), cost estimating (Aspen Capital Cost Estimator) and FEED deliverables (ABE) systems.

The terms of the transaction are not disclosed.

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