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The AVEVA Acquisition by Schneider Electric Is Complete

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The AVEVA Acquisition by Schneider Electric Is Complete

February 04
09:44 2023

Schneider Electric’s acquisition of AVEVA has been completed.  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.

Schneider Electric and AVEVA together help to further enable a more holistic approach to digital transformation across a customer’s operations. This can help to drive step-change improvements through a reduction in energy, carbon and resource intensity, which can further accelerate a customer’s journeys toward greater 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 help to accelerate this transition.

While 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 investments, and enhancement of the potential benefits for customers and meeting their needs faster with a stronger portfolio of solutions.

As a result of the acquisition, AVEVA is now more optimally placed, with the collaboration of not just Schneider Electric but all of its partners, to help drive innovation, change and value for its customers. 

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values. More information at https://www.se.com

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Company Name: ABC Private Limited
Contact Person: Media Relations
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Phone: 8745857610
Country: India
Website: https://www.se.com/in/en/

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