Emerson and AspenTech have formed an alliance to deliver digital technologies that will help customers optimise production and drive operational excellence.
AspenTech’s broad suite of asset optimisation software creates 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.
David N. Farr, Chairman and CEO of Emerson, said, “Emerson and AspenTech are both highly focused on digital technologies and services that deliver measurable improvements and value to our customers’ bottom line.”
He continued, “Together, we are well positioned to help our customers navigate the best path in this era of digital transformation and achieve Top Quartile performance.”
Top Quartile is defined as achieving operations and capital performance in the top 25% of peer companies.
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.
Antonio Pietri, President and CEO of AspenTech, commented, “Working with Emerson, we will help more organisations drive higher total shareholder returns with a relentless focus on operational excellence.”
“We look forward to helping make the best companies even better by optimising the design, operation and maintenance lifecycle with software and insight to run assets faster, safer, longer and greener,” he added.