Digital energy management, Aveva announces acquisition by Schneider Electric

Aveva, a global industrial software vendor, announces the completion of its acquisition by Schneider Electric, a leading global industrial company specializing in digital automation and energy management.

Since its foundation, Aveva has grown from a niche design software developer to a leading global industrial software company with a value of more than 10 billion £. Today, 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 pperations and maintenance across diverse industries worldwide.

The global industrial sector increasingly relies 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. Customers persistently identify the clear need for digital solutions across both industrial operations and energy management, needs that have never been more relevant in the current economic and energy cost environment. Schneider Electric and Aveva together enable a holistic approach to digital transformation across a customer’s operations. The two companies drive step-change improvements through a reduction in energy, carbon and resource intensity, accelerating customer journeys of efficiency and sustainability.

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 the company 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.

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. The last 50 years for Aveva have been incredibly exciting. Thank you to all of the stakeholders who have been part of the journey so far in creating a global leader in industrial software and data. I’m convinced that through continued investment and transformation, the best is yet to come”.

Philip Aiken, chairman of Aveva, said: “It has been a pleasure to be Chairman of Aveva over the last decade, as the business has grown to be a global leader in industrial software and the largest listed technology company in the UK. I’d like to thank the Board, our employees, customers, partners and investors for their contributions and support and to wish Aveva continued success as part of Schneider Electric”.

Contenuti correlati

• Synergies in high pressure pumps, Udor acquires Hughes Pumps Ltd.

  The Rubiese company Udor, a global manufacturer of diaphragm pumps and piston pumps, has acquired the English company Hughes Pumps Ltd. Hughes has been producing high pressure piston pumps since 1970 and boasts a range of very...
• 
  AI and data science in machine vision, wenglor acquires deevio

  With the acquisition of software developer deevio, the wenglor sensoric group, based in Tettnang, Germany, is gaining greater know-how in artificial intelligence (AI) and data science while also creating new opportunities for future innovations in the field...
• 
  Acquisition in hydraulic cylinders for Duplomatic MS in Germany

  Duplomatic MS Spa, a company within the Daikin Group, announces a significant development in Germany: Günther Till GmbH & CO. KG, a well-known German cylinder manufacturer and already a part of Duplomatic MS since December 2021, has...
• 
  Dürr invests in the know-how of Italian CPM in the final assembly

  The German Dürr Group has consolidated its presence in Italy by finalizing the acquisition of the Turin-based subsidiary CPM S.p.A. The Beinasco-based company, which over the years has become a global reference point in the realization of...
• 
  Vigel acquires vertical turning machines line from Gildemeister

  Vigel Manufacturing Technologies, an Italian company operating in manufacturing technologies for the industrial sector and globally recognized among the pioneers of Multi-spindle machining centers technology, has announced the acquisition of ‘CTV 3rd Generation’ product line from the...
• 
  Digital distribution, RS Group completes acquisition of Distrelec

  RS Group plc, a global provider of product and service solutions, expands its presence in continental Europe with the acquisition of Distrelec, a high-service, digital-led distributor of industrial and maintenance, repair and operations (MRO) products, for a...
• 
  Metrology and inspection in semiconductors, Marposs acquires Solarius

  Marposs, the Italian company specialized in measurement and process monitoring technologies, announces the acquisition of Solarius Development, a leading provider of high-tech manufacturing solutions for the consumer electronics and semiconductor industry. Both segments are of strategic importance...
• 
  CNC plasma and waterjet cutting, Esab acquires Swift-Cut

  To grow its leadership in the global fabrication, cutting equipment and consumables markets, Esab has acquired Swift-Cut, a leading manufacturer of light industrial CNC plasma and waterjet cutting machines based near Birmingham, England. “Swift-Cut solutions enable fabricators...
• 
  Vacuum automation, Coval joins the Piab Group

  Coval has decided to join the Piab Group. Coval is a major global player in vacuum automation components and systems. With more than 35 years of history, Coval adds a solid portfolio of premium products, highly experienced...
• 
  Compact hydraulics, Bosch Rexroth completes HydraForce acquisition

  Bosch Rexroth announces the completion of the acquisition of hydraulics specialist HydraForce , a company based in Lincolnshire, Illinois (USA). The operation was announced in July 2022 and strengthens Bosch Rexroth’s footprint in North America and expands...