Emerson, AspenTech To Deliver Digital Technology Solutions
Zacks Investment Research | Feb 12, 2018 10:39PM ET
Emerson Electric Company (NYSE:EMR) recently collaborated with Aspen Technology, Inc. (NASDAQ:AZPN) to deliver asset optimization software solutions along with global automation technologies and operational consulting services. The collaboration will enable customers to optimize production as well as drive operational excellence.
The latest partnership is likely to leverage AspenTech’s broad suite of asset optimization software and Emerson’s capabilities in automation engineering services & software, large-scale project execution and consulting services as well.
Currently, AspenTech’s asset optimization software supports Emerson’s Project Certainty and Operational Certainty initiatives by creating value across all asset lifecycle phases in capital intensive as well as complex projects. Together, these capabilities will come up as solutions in conventional as well as cloud-based architectures.
Initially, the partnership will focus on three major areas like engineering software, manufacturing and supply chain software and asset performance management software. Also, it will offer optimization strategies that are based on real-time data and advanced analytics, facilitating business improvements in production, and in areas like reliability, safety as well as energy management.
Our Take
At present, Emerson’s growth momentum is being driven by favorable trends in energy-related, hybrid and general industrial markets as well as strong demand in the HVAC and refrigeration markets. Moreover, the company is well positioned to benefit from global infrastructure growth as its core businesses hold dominant positions in markets tied to energy efficiency and infrastructure spending. Going forward, it believes telecommunications infrastructure demand will continue to be one of the strongest growth drivers.
In the past three months, this Zacks Rank #2 (Buy) company has returned 15.8% outperforming the Zacks Investment Research
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