Oct 1, 2020
Emerson (NYSE: EMR) today announced it has completed the purchase of Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider helping customers in the global power industry, as well as other end markets, transform and digitize operations to more seamlessly incorporate renewable energy sources and improve energy efficiency and reliability.
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, enabling the broader industry goal of renewables integration and grid stability.
OSI Inc. is headquartered in Minneapolis, MN and has approximately 1,000 employees globally.
The acquisition agreement announcement and accompanying presentation can be found at www.emerson.com/financial.
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. For more information visit Emerson.com.
Open Systems International (www.osii.com)—an American technology company headquartered in Minneapolis, Minnesota—provides open, state-of-the-art and high-performance enterprise automation solutions to utilities worldwide. These solutions include Supervisory Control and Data Acquisition (SCADA) systems, Energy Management Systems (EMS), Distribution Management Systems (DMS), Outage Management Systems (OMS), Generation Management Systems (GMS), Substation Automation (SA) Systems, Data Warehousing (Historian) Analytics, Distributed Energy Resource Management Systems (DERMS), Situational Awareness Systems, Pipeline Application Systems (PAS), individual software and hardware products, and Smart Grid solutions for utility operations. OSI's solutions empower its users to meet their operational challenges, day in and day out, with unsurpassed reliability and a minimal cost of technology ownership and maintenance.
For additional information regarding this news release, please contact news@osii.com.
