The French group Schneider Electric announced on Wednesday that it was going to buy all of the British software publisher Aveva, of which it already owns 60% since 2017, in accordance with what it had indicated at the end of August, in a press release.
The French electrical equipment and industrial automation giant "
confirms that it has presented a binding offer to purchase Aveva shares
", highlighting "
a unique proposal to combine energy data, industrial processes and software to serve Schneider's customers Electric and Aveva
”.
The offer price has been set at 3,100 pence per share in cash.
The acquisition "
values the aggregate share capital, issued and to be issued of Aveva at approximately £9.482 billion, on a fully diluted basis, equating to an enterprise value of £10.154 billion
"( 11.617 billion euros), details the press release.
Read alsoSchneider Electric takes 60% of Aveva
“
The acquisition will create value for our customers by bringing together energy and industrial process data, and creating an unparalleled enterprise data hub, complete with a suite of specialist industrial software
,” said Schneider Electric.
“
Our customers will benefit from a holistic view of the digitalization of their operations, significant improvements in reducing energy consumption, carbon production and resource consumption, thus accelerating the realization of their efficiency and sustainability goals
," he adds.
Schneider Electric wants Aveva to remain a separate legal entity, "
with its own board of directors, including independent non-executive directors
."