Aquin advises the discoverIE Group plc on the acquisition of Diamond Technologies by Beacon EmbeddedWorks. Effective May 3, 2024, Beacon EmbeddedWorks, a discoverIE Group company, announced the acquisition of Diamond Technologies (DTI), expanding its cluster of US-based embedded technology companies. The transaction logic is to combine Beacon's innovative SoM development with DTI's engineering expertise in data collection, automation, and industrial communications. Together, Beacon and DTI will share the mission to create advanced embedded products and solutions for regulated and industrial customers, while accelerating the development of new and innovative products for the market. discoverIE, based in the UK, is an international group of businesses that designs, manufactures, and supplies highly differentiated, innovative electronic components and solutions for industrial OEMs. Its subsidiary, Beacon EmbeddedWorks, located in Eden Prairie, Minnesota (USA), is a full-service provider of embedded products. Diamond Technologies, based in Hudson, Massachusetts (USA), specializes in customized designs and engineering solutions for data collection, automation, and industrial communications. Read more on the transaction here: https://lnkd.in/g-V5fVa2 #Transaction #MandA #MergersAndAcquisitions #Embedded #Automation
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At ArcInsight Partners, we have always considered this latest Emerson-Aspentech transaction a residual deal. An inevitability, given how the prior deal between the two companies was structured. | For Those That Didn't Follow It's Origin. Aspentech, after a period of strong growth as a process simulation specialist struggled to sustain growth under it's prior CEO with quarterly revenue stalled for several years, capped by a stagnant TAM. | The arrival of the Covid pandemic and its economic whiplash precipitated Aspentech's desperation to find a larger TAM umbrella to survive this storm. | To the credit of CEO Lal Karsanbhai and the Emerson leadership team, it stepped in quickly and provided a timely lifeline extending Aspentech's runway by merging it's own industrial software portfolio with it and spinning off a NewCo, to be 55% owned by Emerson. Needless to say, Emerson greatly values the specific process simulation capabilities of Aspentech, as a wonderful complementarity for its own target markets. | The present transaction is therefore a mere completion of a unfinished task. | #Emerson #Aspentech #industrialautomation #processsimulation #industrialsoftware #processcontrol
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