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The Open Systems International acquisition complements Emerson’s portfolio and helps customers in discrete and hybrid end markets accelerate digital transformation. The Progea Group acquisition expands Emerson’s software portfolio, enabling the rapid shift toward the smart grid of Open Systems International.
Emerson (NYSE: EMR) announced it has completed the acquisition of the Progea Group, an industry-leading provider of industrial internet of things (IIoT), plant analytics, human machine interface (HMI) and supervisory control and data acquisition (SCADA) technologies. Emerson also announced it has completed the purchase of Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction.
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About the Progea acquisition
The addition of Progea’s capabilities in analytics, industrial visualization and IIoT will build upon Emerson’s embedded software and control portfolio for manufacturing, infrastructure and building automation applications. And it enables customers to streamline comprehensive machine and plant control systems to a single partner. This acquisition will help bridge a critical customer technology gap by lowering total cost of ownership. And it helps reducing the barriers that come with working across multiple vendors to drive more successful digital transformation and integration.
“The acquisition of Progea strengthens our ability to provide customers with an integrated package of control, visualization and IoT. This is to help our customers improve overall equipment efficiency and accelerate their digital transformation journey,” said Lal Karsanbhai, executive president of Emerson’s Automation Solutions business. “Progea’s capability and expertise in machine and plant-level visualization and analytics provide customers with a flexible, scalable solution for their PLC applications in discrete and hybrid markets.”
Progea Group is headquartered in Modena, Italy, with approximately 55 employees.
About the Open Systems International acquisition
Emerson’s domain expertise in power generation combined with OSI Inc.’s complementary software and reach within the power transmission and distribution sectors enables the end-to-end ability to monitor, control and optimize operations in real-time across the power enterprise.
The acquisition adds to Emerson’s existing $1 billion standalone software and associated engineering implementation services portfolio. Combining OSI Inc.’s advanced modular technology with Emerson’s Ovation control system will provide utility customers with the ability to optimize energy efficiency from generation through customer delivery. It also enables the broader industry goal of renewables integration and grid stability.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure.
About Progea
Since 1991, Progea has been producing software for visualization, data acquisition and management for industrial automation. The only Italian company on the international market of automation software platform manufacturers, Progea is recognized for its professionalism and innovation in software products, which are considered a reference point for improving productivity, reducing operating costs and optimizing operations in every sector of the automation field, including automotive, building automation, manufacturing, pharmaceuticals, energy, oil & gas, infrastructure, and water & wastewater. The activities of the Progea Research and Development team are accredited as research laboratories by the Italian Ministry of Education, University and Research and are compliant with the UNI EN ISO 9001: 2015 certified Quality System.
About OSI Inc.
OSI Inc. is headquartered in Minneapolis, MN and has approximately 1,000 employees globally. OSI Inc. is a leading operations technology software provider helping customers in the global power industry, as well as other end markets.They transform and digitize operations to more seamlessly incorporate renewable energy sources and improve energy efficiency and reliability.
Source: Automation.com
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