Emerson today announced it has completed the purchase of Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider focused on digitalization of the distribution industies and other markets.
Emerson said in a press release that its expertise in power generation combined with OSI’s complementary software and reach within the power transmission and distribution sectors enables the end-to-end ability to monitor, control and optimize operations in real-time across the power enterprise.
The acquisition adds to Emerson’s existing $1 billion standalone software and associated engineering implementation services portfolio. Combining OSI Inc.’s advanced modular technology with Emerson’s Ovation control system will provide utility customers with the ability to optimize energy efficiency from generation through customer delivery, enabling the broader industry goal of renewables integration and grid stability.
OSI Inc. is headquartered in Minneapolis, MN and has approximately 1,000 employees globally.