AVEVA announces the completion of its acquisition by Schneider Electric

AVEVA announces the completion of its acquisition by Schneider Electric

Dubai, United Arab Emirates – AVEVA, a global leader in industrial software, today announced 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 £10bn.

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 Operations 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. They drive step-change improvements through a reduction in energy, carbon and resource intensity, accelerating customer journeys of efficiency and sustainability.

AVEVA’s strategic