Emerson, whose headquarters are located in Missouri, USA, has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry, for a purchase price of USD $510 million.
Paradigm, joined with Emerson’s existing Roxar software business, creates an Exploration & Production (E&P) software portfolio with offerings spanning seismic processing and interpretation to production modelling.
Paradigm’s technology offerings will aim to enable Emerson to better help oil and gas operators increase efficiency, reduce costs and improve return on investment.