Aspen Technology Inc. has entered into a definitive agreement to acquire global mining software provider Micromine from private equity firm Potentia Capital and other sellers for A$900 million in cash.
U.S.-based AspenTech said the transaction complements its existing asset optimization solutions and positions the company in a leadership role to deliver the “Digital Mine of the Future.”
“Digitalization is critical for the metals and mining industry to become sustainably sound and operationally excellent for generations to come. Micromine’s comprehensive solutions span the breadth of the mining cycle from geological exploration and data management to resource estimation, mine design, planning, scheduling and production control,” explained Antonio Pietri, AspenTech president and CEO.
“Combining AspenTech’s product portfolio and worldwide reach with Micromine’s mission-critical technology and leadership in the mining industry will equip customers with a comprehensive offering and the end-to-end ability to drive efficiencies across the entire mining value chain, while helping them meet the dual challenge.”
The acquisition is expected to close in the fiscal second quarter of 2023, subject to receipt of regulatory approvals.