FTC challenges AspenTech's acquisition of Hyprotech

Aspen Technology Inc. reported Aug. 7 that the Federal Trade Commission (FTC) has filed an administrative complaint challenging its May 2002 acquisition of Hyprotech Ltd. Previously a unit of AEA Technology, Hyprotech supplied simulation software solutions to the upstream oil, gas and refining industries, while AspenTech supplied modeling software for chemical manufacturers.

10/01/2003


Aspen Technology Inc. reported Aug. 7 that the Federal Trade Commission (FTC) has filed an administrative complaint challenging its May 2002 acquisition of Hyprotech Ltd. Previously a unit of AEA Technology, Hyprotech supplied simulation software solutions to the upstream oil, gas and refining industries, while AspenTech supplied modeling software for chemical manufacturers.

The acquisition reportedly didn't require pre-merger review by the FTC under the Hart-Scott-Rodino Act. However, 15 months ago, the FTC launched an investigation into the acquisition, with which AspenTech states it has fully cooperated. AspenTech adds that it has vigorously defended its position and continues to maintain that its acquisition does not lessen competition.





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.
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
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
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!

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
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me