AspenTech Acquires Apex Optimisation, Inventors of Generic Dynamic Optimisation Technology (GDOT)
February 05 2018 - 9:12AM
Business Wire
Aligns Advanced Process Control with Planning
& Scheduling to Unify Production Optimization
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, has acquired Apex Optimisation, a European
company specializing in Dynamic Optimization and Advanced Process
Control.
Apex’s GDOT software aligns Advanced Process Control (APC) with
Planning & Scheduling, enabling unified production optimization
for refineries and petrochemical companies in complex industrial
environments.
GDOT software dynamically processes hundreds of variables to
achieve optimization, while driving closer alignment with planning
and scheduling. Dynamic coordination captures economic incentives
every minute across multiple units, which is critical for
refineries and plants where operational complexity and changing
conditions are the norm.
Customers using GDOT have experienced increased production,
reduced quality variability and lower energy consumption with
project paybacks that are measured in months. In addition to
short-term economic benefits, dynamic optimization also improves
the safety, reliability and operability characteristics of plant
assets, contributing to more optimal long-term performance.
In a typical refinery, overall benefits of deploying GDOT can be
comparable to those achieved by a significant deployment of APC. A
single multi-unit application of GDOT may generate up to $10M per
year, and many refineries have several implementations.
Through its ability to track changes in process unit behavior in
real time, GDOT supports AspenTech’s Asset Optimization vision,
improving the understanding of how changes in engineering models
propagate to other areas of Asset Optimization applications --
including Planning & Scheduling, APC, Engineering and Design,
as well as broader Supply Chain work processes.
Co-Founders Henrik Terndrup and Klas Dahlgren and their team of
world-class dynamic optimization experts will join AspenTech as
part of the acquisition.
The Australian services operations of Apex Optimisation will
remain an independent entity, trading under the name Greenfern
Dynamics Pty.
Supporting Quotes
Antonio Pietri, President & CEO, AspenTech
“Deploying resources more efficiently to optimize the value of
assets across the enterprise defines AspenTech’s vision for Asset
Optimization. The patented GDOT technology is a proven solution for
customers seeking to maximize the efficiency of their operations in
the most complex industrial environments. We look forward to
Henrik, Klas and their team joining AspenTech, as we continue to
push the boundaries of what’s possible in asset optimization.”
Henrik Terndrup, Co-Founder, Apex Optimization
“For years, GDOT has provided the missing link in production
optimization for complex industrial plants. AspenTech’s vision for
Asset Optimization seamlessly aligns with the work we have done to
make possible a unified production optimization environment. We
look forward to being part of AspenTech, the world’s premier asset
optimization software company, and leveraging the go-to-market
resources that will allow GDOT to be more widely deployed around
the world.”
Supporting Resources
- aspenONE APC – Aspen DMC3
- aspenONE Planning & Scheduling –
Aspen PIMS-AO
- AspenTech customer testimonials
- AspenTech YouTube channel
About AspenTech
AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines
decades of process modeling expertise with big data
machine-learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2018 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen
leaf logo are registered trademarks of Aspen Technology, Inc. All
rights reserved. All other trademarks are property of their
respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20180205005520/en/
AspenTechDavid Grip, +1
781-221-5273david.grip@aspentech.comorICRBrian Denyeau, +1
646-277-1251brian.denyeau@icrinc.com
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