AspenTech to acquire Hyprotech

Aspen Technology agreed May 10 to acquire Hyprotech (Calgary, Alberta, Canada) from U.K.-based AEA Technology for $99 million. AspenTech says that joining forces with Hyprotech will allow it to broaden and deepen its process simulation and engineering offering, and expand into the upstream petroleum market with applications for modeling oil and gas production.

06/01/2002


Aspen Technology agreed May 10 to acquire Hyprotech (Calgary, Alberta, Canada) from U.K.-based AEA Technology for $99 million. AspenTech says that joining forces with Hyprotech will allow it to broaden and deepen its process simulation and engineering offering, and expand into the upstream petroleum market with applications for modeling oil and gas production. In addition, the acquisition is expected to enhance the value of AspenTech's end-to-end petroleum solution by creating one, open, unified process modeling framework from upstream production to downstream refining and marketing.

Consequently, AspenTech adds that users will be able to create, standardize and re-use more optimal designs; reduce the time to evaluate and implement process improvements; and lower manufacturing costs. This unified modeling environment will enable customers with joint petroleum and chemicals businesses to make more consistent, profitable design and operating decisions.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me