Download Infographic. Investable Universe is copyrighted material. Together, AVEVA and OSIsoft can provide full stack end-to-end solutions that span edge, plant, and enterprise deployments. Schneider supports the deal and will participate in the sale of discounted shares to finance it. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. All Rights Reserved. With a combined 93 … AVEVA’s industrial software is a key element of Schneider Electric’s IoT … The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. OSIsoft found in AVEVA and Schneider Electric a shared mission to support its customers' vision. This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software. AVEVA intends to establish retention agreements with key OSIsoft management and its founder, Dr. J. Patrick Kennedy, will be appointed to the new (non-Board) role of Chairman Emeritus. The latter company is a provider of real-time data software that has become the unofficial technology cornerstone of critical infrastructure, a linchpin of the global industrial economy, and a key driver of the fast-developing Industrial Internet of Things (IIoT). The deal “strengthens our position as a global leader in engineering … Noting that the deal is motivated primarily by revenue synergies and future growth, rather than cost savings, AVEVA CEO Craig Hayman added that OSISoft’s first value-add would be its sizable presence in the U.S. market—where PI is widely used in American water and power utilities, including in the fast-growing market for microgrids—which will complement AVEVA’s significant footprint in China, South Korea and Japan, and provide a springboard for growth into the EMEA market. Because you’ll ask, AVEVA shared this about OSIsoft’s revenue: revenue grew at a compound annual … Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. Osisoft makes data-management tools for the utility, pharmaceutical and oil and gas industries and says its PI System helps customers identify areas for cost savings, extend equipment life and expand … Our CEO Craig Hayman and Schneider Electric’s Peter Herweck predict the four themes set to drive digital transformation in 2021. The combination of the two entities will extend the OSIsoft value proposition outside the process historian domain for the served industries. By combining its two, interoperable software stacks, AVEVA will provide deep insights and synergies, driving deep product integration to deliver customer value. Support Tel: +1 949 638 8958. It has approximately 1,400 employees. AVEVA has reached agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft. Shell, Heineken, BASF, Microsoft and many more. This combination will enhance our sustainable value opportunity. AVEVA is in turn 60% held indirectly by Schneider Electric. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on a foundation of customer centricity and world-class talent. The two software portfolios are source-agnostic and interoperable; many customers leverage both solution sets today. France's Schneider Electric, which indirectly holds a 60% stake in the company, has undertaken to take up its rights in full on a pro rata basis, Aveva said. Part of French group Schneider Electric, Aveva said the purchase would allow the British company "to accelerate the market adoption and expansion of OSIsoft Cloud Services and other cloud-based offerings". With broader and deeper scale and scope, our software portfolio can lead digital transformation of the industrial world, AVEVA is committed to driving greater efficiency and sustainability throughout the industries we serve, while greater diversification will increase exposure to sectors such as renewable energy. Software for a Sustainable Future. (Schneider Electric owns most of AVEVA.) On Tuesday, it was announced that Aveva, the Cambridge, U.K.-based industrial and predictive analytics software company that is majority-owned by European multinational Schneider Electric, has agreed to pay $5 billion to purchase all of OSISoft. AVEVA and OSIsoft have complementary product offerings which will allow the combined company to generate significant value for shareholders by creating new opportunities for innovation using new and emerging technologies. AVEVA and OSIsoft together will help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience. Therefore, this made offering OSIsoft’s owners stock in the new company less likely than a capital increase, where Schneider could buy new shares. Schneider Electric, which currently holds a 60% stake in Aveva, has committed to vote in favor of the acquisition. … On Tuesday, it was announced that Aveva, the Cambridge, U.K.-based industrial and predictive analytics software company that is majority-owned by European multinational Schneider Electric, has agreed to pay $5 billion to purchase all of OSISoft.The latter company is a provider of real-time data software that has become the unofficial technology cornerstone of critical infrastructure, a … OSI will be integrated as a business unit within the combined group (so not with Schneider Electric). AVEVA Plc. In this way, it serves as the core infrastructure for IIoT. Engineering. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on foundations of customer centricity … Since its founding in 1980, OSIsoft had been majority-owned by its original founder Dr Patrick Kennedy. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. OSISoft is currently 50.3% owned by Estudillo Corp., a holding company belonging to founder and CEO Dr. J. Patrick Kennedy, who will remain with the company in an advisory capacity and as chairman emeritus. Since the Schneider deal, the France-based group has owned 60% of Aveva's shares, and it has voted in favour of the OSIsoft deal. He said that this growth trajectory has been sustained over the past six months, and that OsiSoft’s margin profile, similar to AVEVA, has included very little service revenue as part of the mix, helping to drive its strong operating leverage. In 2011, the California-headquartered firm raised a $135 million minority … AVEVA Group plc Aveva, one of Britain’s oldest technology groups, is set to raise £2.8bn in a rights issue to help fund the $5bn acquisition of OSIsoft, its SoftBank-backed US rival. SoftBank, a major OSISoft shareholder since 2017, announced earlier this year that it would sell $41 billion in assets in a bid to raise cash, reduce its debt burden and buy back shares amid economic turmoil related to the covid-19 pandemic. Aveva Group Plc has agreed to buy Osisoft in a deal that gives the SoftBank Group Corp.-backed industrial software maker an enterprise value of $5 billion. Read Blog. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. It will also create opportunities in buildings and infrastructure, leveraging Schneider Electric installed base. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Its PI System is the system of record for customers for … Aveva, although listed and based in the UK, is majority owned by French company Schneider Electric due to a reverse takeover of £ 3 billion in 2017. Another part of the discussion was the pandemic that has exposed a number of problems and issues that can be solved with digitalization. Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft. It is scalable, supporting small to enterprise-wide deployments. Aveva’s last major deal was three years ago when France’s Schneider Electric took a 60% stake in the company. We work with you and harness the power of our ecosystem, to deliver solutions and expertise that accelerate transformation while optimizing engineering, operations and performance. In addition, the pandemic has stimulated people’s thinking about opportunities that can be unlocked through … Canada - Calgary. Another 44.7% is owned by SB/OSI, a subsidiary of Japanese multinational conglomerate SoftBank, while the remaining 5% is held by MDT Holdings, a division of Japan’s Mitsui Group. AVEVA and OSIsoft will combine to help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience. Aveva is majority owned by Schneider Electric after merging with that company’s industrial software arm in 2018. Sales Email: [email protected] Support Email: [email protected] or [email protected] REGIONAL OFFICE | TRAINING LOCATION. It delivers aggregation and visualization of real-time sensor, actuator and control data in an open infrastructure to support best-of-breed ecosystems. FSI In Play for California Wind and Renewables, Buys Terra-Gen Stake from ECP, HSBC, Pollination Group launch world's first large-scale "natural capital" asset manager, trailing twelve-month enterprise value to EBIT. OSIsoft's PI System is a leading platform for data acquisition and data structuring for its customers, specialized on the mission-critical applications on which AVEVA and Schneider are focused. OSIsoft’s customers include leaders across the process, batch, hybrid and infrastructure industries of Power, Energy, M&M, Parma, F&B, Water, Facilities. Madingley Road It also requires regulatory approvals from various countries including the US. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is headquartered in California, USA. Peter Herweck, Vice Chairman of AVEVA and Executive Vice President, Industrial Automation, Schneider Electric, said: “The combination of AVEVA and OSIsoft will accelerate our AVEVA partnership with significant customer value across process and hybrid automation industries plus the building and infrastructure sectors. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion.AVEVA is in turn 60% held indirectly by Schneider Electric.. The acquisition requires approval from AVEVA’s shareholders, who will vote on the deal at an Extraordinary General Meeting. The combination will bring together world-leading industrial software and real-time operational data software and services. ZIp Code 04795-100, Brazil. Save my name, email, and website in this browser for the next time I comment. Anti-Slavery and Human Trafficking Statement. The British company said it would fund the deal using a combination of rights issues, cash on balance sheet and new debt, as well as issue shares to one of OSIsoft’s shareholders, Estudillo. AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world.”, “Combining AVEVA and OSISoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set,” Aveva CEO Craig Hayman added. … Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. In a statement, Dr. Kennedy said: “Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. It’s been rumored for a while that Schneider Electric is thinking about acquiring OSIsoft; today AVEVA said in a press release that it was in talks for the deal. This transformative deal means AVEVA is strengthening its position as a global leader in engineering and industrial software. Craig Hayman, AVEVA’s CEO, today dropped the bombshell news on the industrial software market that his firm – with the backing of its majority shareholder Schneider Electric – has acquired OSIsoft for a cool $5 billion. OSISoft is built around a software-based operational intelligence application, PI, which has become ubiquitous in global industrial systems, particularly those in the continuous process market. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion. Aveva added that during the pandemic, demand for its own software had been "robust, due to its ability to drive efficiency, flexibility and sustainability for customers across a wide range of … The rights issue is expected to be launched in the fall. All rights reserved. “This will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitization vision.”. Kennedy declined to comment. Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening AVEVA’s position as a global leader in industrial software. If you’re just tuning in to this news, OSIsoft makes PI (Plant Information Systems), one of the most widely-used data historians and aggregators, and forms the basis for Schneider Electric’s … Aveva shares were up 6.7% in early trading Tuesday. The British company said it would fund the acquisition using a combination of rights issues, cash on balance sheet and new debt, as well as issue shares to one of OSIsoft's shareholders, Estudillo. Cambridge AVEVA and OSIsoft will combine to help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience. PI is the operating software for two-thirds of all industrial companies in the Global Fortune 500, in 127 countries. The hybrid AVEVA/Schneider Electric relationship is intriguing, and with the addition of OSIsoft provides another valuable dimension. AVEVA Canada (a division of AVEVA Inc) Suite 310 49 Quarry Park Boulevard Calgary, Alberta … OSIsoft extracts, cleans, stores data in real-time, unifying it so that it can be used to drive insights and support teams’ decision making. Avenida das Nações Unidas, n.º 23223, Portão B, Vila Almeida, São Paulo, SP. Aveva’s majority owner, Schneider Electric SE, has agreed to support the transaction, which is expected to close around the end of the year. According to documentation from Aveva, the acquisition will be funded through a combined rights issue, cash on balance sheet, new debt facilities and ordinary share issuance. In a presentation to investors and stakeholders on Tuesday, AVEVA Deputy CEO and CFO James Kidd called OSISoft “a company we admired for a long time,” noting its consistent track record of 10% compound annualized growth (CAGR) over the past 10 years, and 18% growth in adjusted EBIT over the past three years alone. Schneider Electric Software Brasil Ltda. has reached agreement to acquire OSIsoft, a pioneer and global leader in operational data management software, for $5.0 billion. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time … Shares in Aveva were up 3% in early trade and Aveva said Schneider Electric has committed to vote in favour of the deal and take part in the rights issue. business Aveva Group Plc in 2017, and said it could do . Customers include companies such as Rio Tinto. Aveva’s industrial software is a key element of Schneider Electric’s IoT-enabled architecture, EcoStruxure which will be further enhanced by OSIsoft’s PI System and its support for open infrastructure.” High Cross OSIsoft is a global data acquisition company. It is also funding the deal with cash on its balance sheet, new debt and by issuing shares to one of OSIsoft’s shareholders, Estudillo. Aveva, OSIsoft, … Unique go-to-market proposition with Schneider Electric - AVEVA has a unique relationship with Schneider Electric which provides it with access to Schneider Electric's global market presence and customer relationships while maintaining AVEVA's position as an independent global leader in industrial software. Terms and Conditions. UK based software company Aveva, majority-owned by French automation specialist Schneider Electric, struck a merger deal to acquire OSIsoft, the U.S.-based data management company for $5 billion. Together, AVEVA and OSIsoft can provide full stack end-to-end solutions that span edge, plant, and enterprise deployments. further such deals. France's Schneider Electric SCHN.PA, which indirectly holds a 60% stake in the company, has undertaken to take up its rights in full on a pro rata basis, Aveva said. The enlarged business will share customers across thousands of sites, in multiple industries. PI is used in more than 1,000 of the world’s top power and utility companies (including the majority of ISOs and RTOs in the United States and 17 of the top 20 wind generation companies worldwide), 38 of the Global Fortune Top 40 oil and gas companies, every single one of the Global Fortune Top 10 metal and mining companies, and 37 of 50 of the world’s largest chemical and petrochemical companies. AVEVA expects the deal to be earnings-accretive by March 2022, before synergies. The Acquisition will provide OSIsoft with access to Schneider Electric's customers, allowing … Schneider Electric has irrevocably agreed to vote (or cause to be voted) its Ordinary Shares, which constitute approximately 60% of the issued and outstanding Ordinary Shares of AVEVA as of the date hereof, in favour of the Resolution approving, among other things, the Acquisition, at the General Meeting, pursuant to a voting and support agreement between Schneider Electric, OSIsoft and the … Schneider Electric, a French industrial company, owns 60% of AVEVA and is unlikely to want to dilute its stake, since software is a key leg of its growth strategy. The deal is expected to close around the end of the calendar year. The deal will drive the enlarged AVEVA to create even greater value for our stakeholders. ($1 = 0.7621 pounds) PI enables customers to collect, normalize, store and stream operational data in high-fidelity and in real-time, to applications, analytics and AI (artificial intelligence) and ML (machine-learning) platforms, enabling massive cloud-enabled scale and data sharing across enterprises. Under terms of the deal, Aveva will acquire 100% of OSISoft, valuing the company at 32.9x trailing twelve-month enterprise value to EBIT, which is broadly in line with AVEVA’s own multiple. In addition to accelerating the market adoption and expansion of cloud-based offerings, AVEVA says the acquisition will strengthen its position in the power and utilities, chemicals, petrochemicals segments, and will further diversify its industry exposure, decreasing the oil and gas segment’s contribution to its pro forma revenue from circa 40% to circa 35%. Representatives for OSIsoft, Schneider, Emerson and SoftBank declined to comment. With a broader, deeper scale and scope to lead the digital transformation of the industrial sector, the combined company can drive greater sustainable efficiencies for many diverse essential industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, creating strengthened product offerings.
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