Emerson has agreed to acquire Open Systems International for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that complements Emerson’s software portfolio and ability to supply customers in the global power industry, as well as other end markets, with offerings that can transform and digitise their operations.
Digitisation is critical for the power industry to modernise and improve the reliability of the electric grid. By combining Emerson’s domain expertise and leading technology in power generation with OSI Inc.’s complementary software and reach within the power transmission and distribution sectors, the acquisition is expected to help equip customers with the end-to-end ability to monitor, control and optimise real-time operations across the power enterprise through scalable, software-enabled automation and data management.
Lal Karsanbhai, executive president of Emerson’s Automation Solutions business, commented: “This acquisition will help the power industry maximise the remarkable opportunity to harness renewable energy sources and to accelerate the transformation to the smart power grid. Emerson now has the opportunity to be a leader in this large, rapidly growing market with a compelling and complete software and technology offering.”
OSI Inc.’s advanced modular technology offers customers tailored solutions for their power grid management needs and is scalable to other industries. Combining this technology with Emerson’s Ovation control system can provide customers with increased visibility into the current status of a power system, enabling them to optimise energy efficiency from generation through customer delivery.