Industrial automation company Emerson has reached a deal to acquire Paradigm, a provider of software solutions for the oil and gas industry.
The purchase price is $510 million, which Emerson says reflects a multiple of 13 times expected 2017 EBITDA.
Emerson says it will combine Paradigm with its existing Roxar software business to provide an exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modeling. [Read more…] about Emerson to acquire Paradigm for $510 million