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