AspenTech to Acquire Micromine, a Supplier of Design and Operational Solutions for the Mining Industry

By Ralph Rio

Acquisition or Partnership

Aspen Technology, Inc. announced that it has entered into a definitive agreement to acquire Micromine - a supplier of design and operational management solutions for the mining industry, from private equity firm Potentia Capital and other Solutions for the Mining Industrysellers for AU$900 million in cash (approximately $623 million USD).

The transaction complements AspenTech’s existing asset optimization solutions and positions the company in a role to deliver the “Digital Mine of the Future,” in support of excellence in operations with a focus on safety, sustainability, reliability, and efficiency. In addition, AspenTech is now uniquely positioned to help mining customers address the dual challenge of meeting the demands of a growing population with an increasing standard of living, while reaching sustainability goals. AspenTech’s innovation and expertise in digitally transforming the chemicals and oil and gas industries will be critical to the mining industry as it embarks on rapid digitalization.

Micromine participates in the Smart Mining Market. With a 35-year track record of success and 280 employees across 22 global offices, Micromine provides mission critical solutions for over 800 blue-chip customers across all mining operations and commodities with a focus on various metals essential for the energy transition such as lithium, cobalt and nickel, base metals such as copper and iron ore, and precious metals such as gold.  

Micromine is expected to be accretive to AspenTech on a free cash flow basis within the first 12 months of the transaction closing.

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