Recently, another major event in the field of industrial software occurred. Emerson (EMSRSON) announced on October 11 that it will provide $6 billion in cash to the new AspenTech (Aspen Technology) company to acquire a 55% stake in AspenTech. The move will expand an existing partnership with AspenTech to create an industrial software company of scale and technology. The new AspenTech will offer a highly differentiated portfolio of industrial software capable of supporting the entire lifecycle of complex operations across a broad range of industry verticals, including design and engineering, operations, maintenance and asset optimization.

The deal is another major acquisition by Emerson in the software space, after Emerson bought Open Systems International for $1.6 billion last year.

The transaction accelerates Emerson's software investment strategy as the company continues to build a higher growth, more diversified and sustainable portfolio by creating an industrial software company with immediate scale and relevance in a rapidly growing market. The new company will retain the AspenTech name, enabling Emerson to realize significant synergies and accelerate its software strategy to drive meaningful value creation. So, why did Emerson take a fancy to AspenTech?

1. About AspenTech

AspenTech, headquartered in the United States, is a leading provider of process manufacturing optimization software - serving the energy, chemical, pharmaceutical, engineering and construction, and other industries that utilize chemical processes to manufacture and produce products. Its main product is Aspen Plus chemical process simulation software. The software originated from a new third-generation process simulation software developed by the US Department of Energy during a battle organized at the Massachusetts Institute of Technology (MIT) in the late 1970s and completed at the end of 1981. In 1982, in order to commercialize it, AspenTech was established. The software is widely used in the world's major chemical, petrochemical, oil refining and other process industry manufacturing enterprises and major engineering companies. 2. New AspenTech portfolio spans the entire asset lifecycle

The new AspenTech will leverage Emerson's grid modernization technologies, advanced distribution management systems and various simulation software to provide differentiated products in industrial AI and asset optimization. With Emerson's strong capabilities, the new AspenTech will provide end-to-end software products and will better help customers improve safety, reliability and productivity while reducing carbon emissions. 3. The new AspenTech software is highly scalable

AspenTech, process manufacturing optimization software, is often used in chemical process simulation and other fields. The new AspenTech software has strong scalability after integrating Emerson software technology, can adapt to the emerging green energy market, and can well support customers in the current and the sustainability needs of new energy transition markets such as biofuels, hydrogen and carbon capture. International giants accelerate their layout, and domestic industrial software is at risk!

At present, international industrial giants are accelerating their deployment in the field of industrial software. Siemens acquired UltraSOC before, and AVEVA acquired OSIsoft for US$5 billion. International industrial giants are accelerating to seize the market, expand their scale, and seek to change the situation.

With the popularization of informatization and intelligence, our country has gradually established a relatively complete industrial chain system, and the construction of related service facilities has gradually improved. However, in terms of the core technology of infrastructure, we have almost every link. Lack of independent controllable technology, long-term subject to foreign companies. Especially in the underlying software, operating systems, databases, and various industrial software, there is still a big gap between us and developed countries.

From the U.S. trade restrictions on China in recent years, it is not difficult to find that the fig leaf of the trade war is actually a contest of science and technology, and the most intuitive reflection of the contest of science and technology is industry, and the basic core of industry is industrial software.

Industrial software is an indispensable part of the digital and intelligent upgrading and transformation of industrial enterprises. In the process of transformation from Chinese manufacturing to "intelligent manufacturing" in China, my country's industrial software has gradually become the biggest shortcoming of the manufacturing industry. Only by being independent and controllable can we realize the leap from Made in China to "Intelligent Manufacturing" in China.

A Chinese industrial software is making a sound!

Apogee Technology, as an active practice and promoter in the era of Industry 4.0, has been deeply involved in the industry for many years, has a deep understanding of automation applications in the process industry, and has rich experience in R&D and implementation. At the beginning of the Apogee team's birth in 2008, we started the research and development and exploration of Mystery Simulation®, and we have continued to invest heavily in research and development. After more than ten years of continuous innovation and continuous polishing of products. We have a chemical process simulation software of the same type as Aspen Plus - Mystery Simulation®. Available in Orbi Simulation®Plus (steady-state process simulation platform) and Orbi Simulation® Dynamics (dynamic process simulation platform). Orbi Simulation® Plus steady-state simulation platform can be combined with the "chemical engineering design" related courses of the chemical industry to help users gain something in the software learning of process design; for the scientific research, Work and communication provide a stable and efficient steady-state simulation modeling platform. Orbi Simulation® Dynamics dynamic simulation platform is an industrial dynamic simulation simulation software, which can be applied to process dynamic simulation simulation in the fields of petroleum, storage and transportation, natural gas processing, petrochemical, fine chemical, pharmaceutical and other fields, and can realize start-stop , failure, emergency and a series of dynamic operation process simulation.

In the future, we will continue to dig deep into the industry, continue to explore, and contribute to the era of Industry 4.0.