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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. Since its founding in 1980, OSIsoft had been majority-owned by its original founder Dr Patrick Kennedy. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. AVEVA’s industrial software is a key element of Schneider Electric’s IoT … Another part of the discussion was the pandemic that has exposed a number of problems and issues that can be solved with digitalization. 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 … 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 … Aveva’s last major deal was three years ago when France’s Schneider Electric took a 60% stake in the company. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is headquartered in California, USA. The deal “strengthens our position as a global leader in engineering … The acquisition requires approval from AVEVA’s shareholders, who will vote on the deal at an Extraordinary General Meeting. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. (Schneider Electric owns most of AVEVA.) All Rights Reserved. Schneider Electric, which currently holds a 60% stake in Aveva, has committed to vote in favor of the acquisition. 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 … It will also create opportunities in buildings and infrastructure, leveraging Schneider Electric installed base. Together, AVEVA and OSIsoft can provide full stack end-to-end solutions that span edge, plant, and enterprise deployments. Canada - Calgary. Aveva, OSIsoft, … 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. 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. 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. 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. This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software. 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. It also requires regulatory approvals from various countries including the US. 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 combination of the two entities will extend the OSIsoft value proposition outside the process historian domain for the served industries. Support Tel: +1 949 638 8958. 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. 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. Its PI System is the system of record for customers for … 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. Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. 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. AVEVA Plc. The deal will drive the enlarged AVEVA to create even greater value for our stakeholders. … 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. The combination will bring together world-leading industrial software and real-time operational data software and services. Representatives for OSIsoft, Schneider, Emerson and SoftBank declined to comment. 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. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time … 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. 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. 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. OSIsoft is a global data acquisition company. “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.”. 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. 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. AVEVA Group plc further such deals. In this way, it serves as the core infrastructure for IIoT. It has approximately 1,400 employees. The Acquisition will provide OSIsoft with access to Schneider Electric's customers, allowing … Schneider Electric Software Brasil Ltda. … 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. Customers include companies such as Rio Tinto. Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. With a combined 93 … business Aveva Group Plc in 2017, and said it could do . 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. Because you’ll ask, AVEVA shared this about OSIsoft’s revenue: revenue grew at a compound annual … 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. 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. 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. Cambridge 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. has reached agreement to acquire OSIsoft, a pioneer and global leader in operational data management software, for $5.0 billion. Aveva is majority owned by Schneider Electric after merging with that company’s industrial software arm in 2018. The two software portfolios are source-agnostic and interoperable; many customers leverage both solution sets today. Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft. AVEVA Canada (a division of AVEVA Inc) Suite 310 49 Quarry Park Boulevard Calgary, Alberta … Our CEO Craig Hayman and Schneider Electric’s Peter Herweck predict the four themes set to drive digital transformation in 2021. Aveva shares were up 6.7% in early trading Tuesday. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. 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. 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. Avenida das Nações Unidas, n.º 23223, Portão B, Vila Almeida, São Paulo, SP. ZIp Code 04795-100, Brazil. All rights reserved. OSIsoft extracts, cleans, stores data in real-time, unifying it so that it can be used to drive insights and support teams’ decision making. 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. High Cross 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. ($1 = 0.7621 pounds) 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. OSIsoft’s customers include leaders across the process, batch, hybrid and infrastructure industries of Power, Energy, M&M, Parma, F&B, Water, Facilities. 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. OSIsoft found in AVEVA and Schneider Electric a shared mission to support its customers' vision. 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. Download Infographic. 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. Sales Email: [email protected] Support Email: [email protected] or [email protected] REGIONAL OFFICE | TRAINING LOCATION. 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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