Automation specialist Emerson is acquiring oil and gas software solutions provider Paradigm in a $510 million deal that will boost its exploration and production portfolio.
Houston-based Paradigm will join Emerson’s existing Roxar software business to create an E&P software portfolio, “spanning seismic processing and interpretation to production modelling”, Emerson said.
Paradigm has more than 500 employees globally that provide an array of tools that are intended to allow customers to gain deep insight into the subsurface, reduce uncertainty and support responsible asset management.
