Davis Polk And Skadden Head Emerson’s $11 Billion AspenTech Merger

Davis Polk & Wardwell and Skadden, Arps, Slate, Meagher & Flom are guiding Emerson Electric Co’s plans to merge its software units with smaller software maker Aspen Technology in a deal worth $11 billion.

The deal was announced by Emerson on Monday as mergers and acquisitions in the tech space face increasing antitrust scrutiny from regulators in the United States. Emerson turned to its longtime advisor Davis Polk for guidance on the AspenTech deal. The law firm has advised Emerson on several transactions in the past, including a $1.6 billion acquisition of Open Systems International. The team at David Polk includes M&A partners Phillip Mills, Cheryl Chan, and Marc Williams.

AspenTech will work with Skadden, whose team includes M&A partners Chadé Severin and Graham Robinson; intellectual property and technology partner Resa Schlossberg; tax partner Moshe Spinowitz; antitrust and competition partners Kenneth Schwartz and Giorgio Motta; executive compensation and benefits partner Regina Olshan; and litigation partners Joseph Larkin and Robert Saunders. 

The merger between the two companies is expected to close in the second quarter of 2022.

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