Under the terms of the transaction, the buyer will pay USD 5.00 billion for the business. Aveva to pay 5.7 times its 2019 revenue to make acquisition; Aveva’s acquisition of OSISoft will create a leader in asset data collection, storage and analysis. Defined terms used in this announcement shall have the meaning given to them in the combined circular and prospectus published by the Company on 6 November 2020 (the "Prospectus"). LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /CNW/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion.AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data … 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. AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. The Board of AVEVA Group Plc ("AVEVA" or the "Company") provides the following update on the progress of the proposed acquisition of OSIsoft. If you are a journalist and you're looking for more information on any of AVEVA's news releases, please get in touch with our press contacts. OSIsoft has continued to perform strongly in the seven-month period ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019 and operating profit increasing by 110.1%. In fact, 24 of our first 25 customers still use our platform. Combined Product Offering to Support Customers in Optimizing Operations, Driving Sustainability and Creating Greater Value. We’d like to help you too. synopsis: UK-based AVEVA has reached an agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. OSIsoft is a global leader in real-time industrial data software. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. Aveva has signed on the dotted line to pick up OSIsoft, a maker of data management application software. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. August 25, 2020 Craig Gambol Zephyr. Aveva picking up OSIsoft. AVEVA and OSIsoft have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. We’ve been delivering reliable data for over 40 years. Aveva Group confirmed recent media reports that it has entered into discussions to acquire industrial software group OSIsoft. PRESS RELEASE AVEVA Powers Smart Manufacturing at Schneider Electric Cambridge, 10 October 2018- AVEVA, a global leader... | December 18, 2020 AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. A Schneider Electric (SE) press release stated that the OSIsoft transaction is expected to be around 30bps margin accretive to Adjusted EBITA based on LTM (12 months to June 30, 2020). The statement came after Bloomberg reported the two were in talks regarding a deal that could value the target at USD 5.00 billion. Acquisition will bring together 'complementary product offerings'. News and perspectives on OSIsoft, the PI sytem community, and industry. LONDON: Mitsui & Co. Ltd. recently agreed to sell its entire shareholding in OSIsoft LLC. LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /PRNewswire/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in … Press Release August 25, 2020 August 25, 2020 The sale is expected to be completed around the end of 2020, after the necessary approvals have been obtained. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. Let’s work together. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /PRNewswire/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion.AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and … Visit our newsroom . Aveva, 60% owned by Schneider Electric, has integrated much of the French industrial company’s own … Press Release . LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /PRNewswire/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. OSIsoft is a global leader in real-time industrial data software. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data … OSIsoft is a global leader in real-time industrial data software. Press Contacts. LONDON, UK and SAN LEANDRO, California - 25th August 2020 - AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. AVEVA Recognized by Frost & Sullivan with the 2020 Best Practices Award for Growth, Innovation, and Leadership Excellence in the Asset Performance Management Market Read More Press Release Interim dividend maintained at 15.5 pence per share, reflecting confidence in AVEVA’s resilience; OSIsoft update. Read. 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