Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

AspenTech to Acquire Mining Industry Software Firm Micromine.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based industrial software company Aspen Technology, Inc. (NASDAQ: AZPN) has entered into a definitive agreement to acquire mining industry design and operational management solutions specialist Micromine from private equity firm Potentia Capital and other sellers for AUD 900m in cash (approximately USD 623m), the company said.

The transaction complements AspenTech's existing asset optimization solutions and positions the company in a leadership role to deliver the "Digital Mine of the Future," in support of excellence in operations with a focus on safety, sustainability, reliability, and efficiency.

In addition, AspenTech said it is now uniquely positioned to help mining customers address the dual challenge of meeting the demands of a growing population with an increasing standard of living, while reaching sustainability goals.

AspenTech's expertise in digitally transforming the chemicals and oil and gas industries will be critical to the mining industry as it embarks on rapid digitalization.

Micromine participates in the Smart Mining Market, a global market which in 2022 is approximately USD 11.5bn.

Based on Micromine's technology, their relevant global segments of the total Smart Mining Market are USD 5.3bn and cover Data Management and Analytics, Smart Asset Management and other solutions.

With a 35-year track record and 280 employees across 22 global offices, Micromine provides solutions for over 800 blue-chip customers across all mining...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT