U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday. The takeout ...

Founded in 1890 as the first manufacturer of electric fans in North America, Emerson Electric has become a leading industrial automation player through the acquisition of established brands.

U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining ... The takeout deal strengthens Emerson's transformation from its 1890 origins as a motor and fan manufacturer ...