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The Firm is representing J.P. Morgan Securities LLC as financial advisor to Aspen Technology, Inc. (Nasdaq: AZPN) in connection with AspenTech’s combination with Emerson Electric Co.’s (NYSE: EMR) industrial software businesses – OSI Inc. and the Geological Simulation Software business – to create a diversified, high performance industrial software leader with greater scale, capabilities and technologies (“New AspenTech”). Emerson will also contribute $6 billion in cash to New AspenTech, which will be received by AspenTech shareholders, in exchange for a 55% stake in New AspenTech. Closing of the transaction is subject to customary conditions, including regulatory and shareholder approvals.

AspenTech, headquartered in Bedford, Massachusetts, is a global leader in asset optimization software with solutions that address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. New AspenTech will offer a highly differentiated industrial software portfolio with the capabilities to support the entire lifecycle of complex operations across a wide range of industry verticals, including design and engineering, operations, maintenance and asset optimization.

The Simpson Thacher team includes Eric Swedenburg and Izaak Lustgarten (M&A).