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Emerson acquires oil and gas software solutions provider Paradigm for $510 million

Emerson has acquired Paradigm, a software solutions provider for the oil and gas industry, for $510 million (€434 million). The acquisition is expected to close within the next 60 days, subject to various regulatory approvals.

Combined with Emerson’s existing Roxar software business, Paradigm will allow Emerson to offer an ‘end-to-end’ exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modelling. According to a statement, Emerson hopes that Paradigm’s technology offerings will enable it to ‘better help’ oil and gas operators increase efficiency, reduce costs and improve return on investment.

“This acquisition is a significant technology investment that meets our customers’ growing demand for an independent, global provider of E&P software solutions,” said Emerson chairman and CEO David N. Farr.

“Paradigm broadens our leadership in the upstream oil and gas market by adding a range of subsurface software tools that complement our growing Automation Solutions portfolio.”

Headquartered in Houston, Texas, Paradigm has more than 500 employees globally. The company provides an array of tools that help customers to gain insight into the subsurface, reduce uncertainty and support responsible asset management.

“When combined with Emerson’s Roxar Software Solutions portfolio, Paradigm expands the global upstream oil and gas capability of our Plantweb digital ecosystem, creating a more comprehensive digital portfolio for our customers from exploration to production,” said Mike Train, executive president of Emerson Automation Solutions.

“Our offering can now help customers better maximise the value of their existing investments and reach Top Quartile performance.”

According to Emerson, Top Quartile performance is defined as achieving operations and capital performance in the top 25 percent of peer companies.





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