Industry Software Aveva to Merge with Schneider Electric
The Combination of Aveva and the Schneider Electric industrial software business will create a global leader in engineering and industrial software.
Rueil Malmaison/Frankreich – Schneider Electric announced that its board of directors and Aveva Group have reached agreement on the terms and conditions of a combination of Aveva and Schneider Electric industrial software business to create a global leader in engineering and industrial software.
The combined entity will be a global leader in engineering and industrial software, with scale and relevance in key markets as well as an extensive technology portfolio. The company will offer a comprehensive combined product portfolio, offering an unmatched set of solutions covering all aspects of digital asset management from process simulation to design, construction and manufacturing operations management and optimisation.
Commenting on the combination, Jean -Pascal Tricoire, Chairman and CEO of Schneider Electric said: “We are pleased to reach an agreement on the combination of Aveva and the Schneider Electric Industrial Software Business, thereby creating a global leader in engineering and industrial software.“
The Combination will address customers’ requirements along the full asset life cycle in key industrial and infrastructure market through a unique portfolio of asset management solutions from design & build to operations.
Commenting on the Combination, Philip Aiken, Chairman of Aveva said: “We are delighted to have reached agreement on the Combination with the Schneider Electric Software Business. The transaction will be transformational to Aveva, creating a global leader in industrial software, which will be able to better compete on a global scale. Aveva will significantly expand its scale and product portfolio, increase its capabilities in the owner operator market, diversify its end user markets and increase its geographic exposure to the North American market, in line with our strategic goals.“