(Reuters) -Emerson Electric Co said on Monday it would merge its software units with smaller rival Aspen Technology in a deal for about $11 billion, boosting its industrial automation business that caters to a swathe of sectors ranging from utility and mining to chemicals and automotive.
The combined industrial software company will comprise Emerson's grid modernization technology and geological simulation software, and AspenTech's software offerings to mining, manufacturing, and pharmaceutical industries.
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