AVEVA is a global leader in industrial software.
We connect people with trusted information and insights to drive responsible use of the world’s resources.
Over 90% of leading companies in twelve industrial sectors rely on AVEVA’s solutions to help them deliver life’s essentials: safe, reliable energy, food, infrastructure, transportation and more.
Announcement
“Wednesday, 21 September, we have issued a joint announcement with Schneider Electric, confirming that an agreement has been reached on the terms of a formal offer to purchase the remainder of the outstanding shares of AVEVA.
The Independent Committee of the AVEVA Board reviewed this offer and have confirmed that they intend to recommend to shareholders that they should accept this proposed offer.
This notification is part of a process that will require further announcements and approvals from various parties, including shareholders and certain regulators.
Since 2018, Schneider Electric has been a supportive shareholder and partner in the strategic development of AVEVA, most recently in the acquisition of OSIsoft.
As the world transitions towards a net-zero future, customers are increasingly turning to industrial software to find greater efficiency and sustainability. AVEVA is fully committed to empowering businesses to optimize how they work and is focused on driving deeper collaboration with its unique ecosystem of suppliers, partners, and customers. The partner system continues as an integral part of AVEVA’s strategy of growth.
“The full combination with Schneider Electric is intended to enable AVEVA to execute its strategy faster, and further enhance its customer proposition.”
For more information on today’s announcement, please click - https://investors.aveva.com/recommended-offer-for-aveva-group-plc/ ”
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