UK: Software Solutions Combination of Aveva and Schneider Electric's Industrial Software Business Completed

Editor: Alexander Stark

Aveva has combined with Schneider Electric’s industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries.

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The business combination of Aveva and Schneider Electric creates a global leader in engineering and industrial software, expanding the markets and industries the company serves.
The business combination of Aveva and Schneider Electric creates a global leader in engineering and industrial software, expanding the markets and industries the company serves.
(Source: Aveva)

Cambridge/UK — The combination brings together Aveva’s design, engineering and construction capabilities with Schneider Electric’s industrial software business, which ranges from simulation through to real-time manufacturing operations management. It creates a global leader in engineering and industrial software, expanding the markets and industries the company serves. Industries served includes chemical; food and beverage; infrastructure and smart cities; life sciences; mining, minerals and metals; oil and gas (upstream, mid-stream and downstream); power and utilities; shipbuilding; water and wastewater.

88 % of leaders in capital-intensive industries say that digitalisation would increase their revenues, Craig Hayman, Chief Executive Officer at Aveva said in a press release. Yet less than half of these companies would actually be in the process of adopting a digital strategy. According to the CEO, this represents an incredible opportunity for the company as a digital transformation partner.

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