Schneider Electric has announced the acquisition of AVEVA , a global leader in industrial software.
Since its foundation, AVEVA has grown from a niche design software developer to one of the leading global industrial software companies, with a value of more than £10bn. AVEVA’s software drives efficiency and reduces costs for over 20,000 customers worldwide, offering a Digital Twin for the whole asset lifecycle from Engineering through to Operations and Maintenance across diverse industries worldwide.
Peter Herweck, CEO of AVEVA, said:
“The needs of the industrial world are becoming ever more complex. But the opportunities to create competitive advantage, value and sustainability through digital transformation have never been more compelling. AVEVA is now optimally placed, with the collaboration not just of Schneider Electric but all its partners, to drive innovation, change and value for its customers.”
AVEVA’s strategic focus is on becoming the number one SaaS provider of software and
industrial information and evolving to a subscription-only business model. The acquisition will accelerate that transition.
Whilst AVEVA will now be wholly owned and part of Schneider Electric, intentions have been set out to preserve AVEVA’s business autonomy, future R&D investment, and enhancing the potential benefits for customers and meeting their needs faster with a stronger portfolio of solutions.
Data-driven decisions
The global industrial sector is increasingly relying on data to maximize business value. But like
other materials, this key industrial resource only becomes useful when it is extracted,
processed, and delivered to the right people at the right time – securely and in context.
Schneider Electric and AVEVA provide digital solutions for the industrial sector to help companies extract, process, and securely deliver data to the right people at the right time, in order to maximize business value. These solutions focus on reducing energy, carbon, and resource intensity, and aim to improve efficiency and sustainability for customers.
