AVEVA & OSIsoft combine to accelerate the digital transformation of the industrial world
AVEVA has reached agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software.
AVEVA and OSIsoft will combine to help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience.
Together, AVEVA and OSIsoft can provide full stack end-to-end solutions that span edge, plant, and enterprise deployments. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on a foundation of customer centricity and world-class talent. In addition to sharing a complementary solutions portfolio, this transaction further validates AVEVA’s leading position in digital transformation and the industrial internet of things.
AVEVA and OSIsoft have complementary product offerings which will allow the combined company to generate significant value for shareholders by creating new opportunities for innovation using new and emerging technologies. The two software portfolios are source-agnostic and interoperable; many customers leverage both solution sets today.
As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. With a broader, deeper scale and scope to lead the digital transformation of the industrial sector, the combined company can drive greater sustainable efficiencies for many diverse essential industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, creating strengthened product offerings.
AVEVA Plc. has reached agreement to acquire OSIsoft, a pioneer and global leader in operational data management software, for $5.0 billion.
This transformative deal means AVEVA is strengthening its position as a global leader in engineering and industrial software.
AVEVA and OSIsoft together will help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience.
OSIsoft is a global data acquisition company. OSIsoft extracts, cleans, stores data in real-time, unifying it so that it can be used to drive insights and support teams’ decision making. In this way, it serves as the core infrastructure for IIoT.
Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is headquartered in California, USA. It has approximately 1,400 employees.
OSIsoft’s customers include leaders across the process, batch, hybrid and infrastructure industries of Power, Energy, M&M, Parma, F&B, Water, Facilities.
Customers include companies such as Rio Tinto. Shell, Heineken, BASF, Microsoft and many more.
The deal will drive the enlarged AVEVA to create even greater value for our stakeholders. The enlarged business will share customers across thousands of sites, in multiple industries. By combining its two, interoperable software stacks, AVEVA will provide deep insights and synergies, driving deep product integration to deliver customer value.
This combination will enhance our sustainable value opportunity. With broader and deeper scale and scope, our software portfolio can lead digital transformation of the industrial world, AVEVA is committed to driving greater efficiency and sustainability throughout the industries we serve, while greater diversification will increase exposure to sectors such as renewable energy.
The acquisition requires approval from AVEVA’s shareholders, who will vote on the deal at an Extraordinary General Meeting. It also requires regulatory approvals from various countries including the US.