TECHNOLOGY

AVEVA and Schneider software business combine

AVEVA and Schneider Electric have reached an agreement to combine AVEVA and the Schneider Electric software business to create what they stated will be a global leader in engineering and industrial software, with an unmatched breadth of product offering

Staff reporter
AVEVA will benefit from the Schneider Electric software business’ leading positions in verticals including mining

AVEVA will benefit from the Schneider Electric software business’ leading positions in verticals including mining

PRESS RELEASE: The transaction for AVEVA and the Schneider Electric software business is expected to add significant scale and relevance in key markets, including mining, as well as geographic and end market diversification.

Schneider Electric to take a 60% stake in the fully diluted share capital of the enlarged AVEVA Group, which will remain listed on the London Stock Exchange. Given the relative sizes of the Schneider Electric software business and AVEVA, the combination will be classified as a reverse takeover of AVEVA.

The Schneider Electric software business is an industrial software provider and a leader in markets and technology areas adjacent to those of AVEVA. Its portfolio provides comprehensive coverage of business processes across the customer value chain, providing software products and services that enable customers to maximise the value of their manufacturing operations and supply chains across a broad range of capital intensive industries. It has a global footprint spanning North America, Europe, the Middle East, Asia Pacific and Latin America. It also has eight global research and development centres and 25 project execution centres.

The combination will provide a comprehensive combined product portfolio – including Schneider Electric’s broad-based industrial software portfolio comprising the SimSci, Wonderware, Avantis, Citect, ClearScada and ePLMS product families, alongside AVEVA PDMS, AVEVA Everything3D and AVEVA NET– offering a set of end-to-end solutions covering all aspects of digital asset management from process simulation to design, construction and manufacturing operations management and optimisation.

It will also diversify and broaden the enlarged AVEVA Group’s end-markets, enhancing its position in oil & gas, power and marine while adding leading positions in other verticals including mining. AVEVA will also benefit from the Schneider Electric software business’ exposure to the North American market.

Completion is expected to be at or around the end of 2017, and is subject to the satisfaction of a number of conditions.

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