On January 18, 2023, AVEVA, the world’s leading industrial software company, announced that Schneider Electric, a global expert in digital transformation in the field of energy management and automation, has completed a comprehensive acquisition of the company.

Since its inception, AVEVA has grown from a niche design software developer into a leading global industrial software company worth over £10 billion. Currently, AVEVA’s software improves efficiency and reduces costs for more than 20,000 customers around the world, providing digital twins for the entire asset life cycle from engineering to operation and maintenance in different industries around the world.
In 2017, Schneider Electric acquired about 60% of AVEVA for 3 billion pounds. In September 2022, Schneider Electric launched a takeover bid for the minority stake in AVEVA, which valued AVEVA at £9.9 billion ($11.9 billion). According to the analysis, the comprehensive merger and acquisition of AVEVA will help Schneider Electric bring synergies in terms of sales and costs, so as to execute its growth strategy faster.

Global industrial sectors increasingly rely on data to maximize business value. But like any other material, this critical industrial resource only works if it is extracted, processed and delivered to the right people at the right time in a safe environment.

Customers continue to identify a clear need for digital solutions across industrial operations and energy management that has never been more important in the current economic and energy cost environment. Schneider Electric and AVEVA have joined forces to provide a holistic solution for the digital transformation of customer operations. They drive stepwise improvements by reducing energy, carbon and resource intensity, accelerating customers’ journey to efficiency and sustainability.

AVEVA’s strategic focus is to become the No. 1 software and industrial information SaaS provider and develop into a subscription-only business model. The acquisition will accelerate that transition.

Although AVEVA will become a wholly-owned subsidiary of Schneider Electric, it tends to retain AVEVA’s business autonomy and future R&D investment, enhance customers’ potential benefits and meet their needs faster through a more powerful solution portfolio.

AVEVA CEO Peter Herweck said: “The needs of the industrial world are becoming more complex. But the opportunity to create competitive advantage, value and sustainability through digital transformation has never been more compelling. In Schneider Electric and its With all partners working together, AVEVA is now in the best position to drive innovation, change and value for customers. The past 50 years of AVEVA have been incredible. Thank you to those who have been involved in creating this global leader in industrial software and data All. I believe that with continued investment and transformation, the best is yet to come.”

Philip Aiken, Chairman of AVEVA, said: “It has been a pleasure to serve as Chairman of AVEVA over the past decade as the company has grown into a global leader in industrial software and the largest listed technology company in the UK. I would like to thank the Board, our staff, our customers , partners and investors for their contributions and support, and wish AVEVA continued success as part of Schneider Electric.”