(Schneider Electric owns most of AVEVA.) 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. [email protected], AVEVA Group plc Acquisition or Partnership OSIsoft started out in 1980 by building advanced control software for refineries. The two product suites are open and interoperable, and many customers leverage both solution sets today. [email protected], Sard Verbinnen & Co OSIsoft is currently owned by three shareholders: AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. OSIsoft’s PI System enables customers to collect, normalize, store, and stream real-time, high-fidelity operational data to applications, analytics, and AI and ML platforms. Emily Claffey / Ben Spicehandler / Tori Goodell AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. OSIsoft performed strongly in the seven months ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019, and adjusted EBIT and operating cash flow increasing by 110.1% and 33.3%, respectively. The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. Update on the Acquisition -- The Acquisition will strengthen AVEVA's position as a global leader in industrial software, with combined pro forma revenue of c.GBP1.2 billion. The $22,000 Mark for Bitcoin Has Been Achieved! Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. Billionaire’s Son Loses $50 Million Trying to Day…. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. In a $5 billion deal, engineering and industrial software company AVEVA has agreed to acquire OSIsoft, maker of the PI System, which is a market-leading operational data software solution. Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. All Rights Reserved. Aveva, one of Britain’s oldest technology groups, is set to raise £2.8bn in a rights issue to help fund the $5bn acquisition of OSIsoft, its SoftBank-backed US rival. AVEVA has agreed an acquisition of OSIsoft at an enterprise value of … The FTSE 100 industrial software specialist agreed the deal in August, in November unveiled a fully underwritten GBP2.8bn rights issue, and last month said with almost all regulatory approvals given, the purchase … Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. 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 and world-class talent. Aveva specialises in software for the oil and gas sector and wants to expand its business. AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, has provided an update on the debt financing relating to its proposed acquisition of OSIsoft announced on 25 August 2020.. Syndication of the £250 million revolving credit facility has now successfully completed with HSBC and Santander joining J.P. Morgan, Barclays and BNP Paribas as providers of this facility. Aveva, a supplier of industrial software and services, has agreed terms to acquire OSIsoft, a supplier of real-time industrial data software and services for $5 billion. OSIsoft’s data management software will complement AVEVA’s comprehensive end-to-end engineering, operations, and performance offerings. In a $5 billion deal, engineering and industrial software company AVEVA has agreed to acquire OSIsoft, maker of the PI System, which is a market-leading operational data software solution. Engineering and industrial software Aveva said it would launch a rights issue to raise gross proceeds of approximately £2.835 billion to partly fund the acquisition of OSIsoft, a global leader in real-time industrial data software and services. Lots more detail to come but here’s what we know now: AVEVA intends to finance the acquisition by issuing $0.6 billion in Ordinary Shares and using $4.4 … With broader, deeper scale and scope to lead the digital transformation of the industrial sector, the combined company will drive greater efficiencies and sustainability for many diverse essential industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, creating strengthened product offerings. Shares in Aveva were up 1.2% at 3,202.00 pence in London on Wednesday. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. 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. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. It's probably some thing we've done wrong but now we know about it and we'll try to fix it. We are extremely proud to be moving into the next chapter with an even stronger solutions portfolio as well as an ever-increasing and robust customer base which continues to make us leaders in our sector.”, OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Aveva intends to raise $3.7bn via a rights issue in order to fund its buyout of Softbank-backed OSIsoft. Aveva Group PLC's agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendation on the shares. Building Stakeholder Value and Improving Sustainability. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. Aug 10, 2020 | Hot Topics 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’s agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendation on the shares.. AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. Senior Director, PR and External Relations 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. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Anti-Slavery and Human Trafficking Statement, Estudillo Holdings Corp. (“Estudillo”), a company majority owned by Dr. J. Patrick Kennedy and his family, SB/OSI, Inc. (“SoftBank”), a company owned by SoftBank Group; and. The Acquisition will enable AVEVA to broaden and deepen its relationships with both existing and new customers across the highly complementary, global customer bases. Every day, industrial professionals in 127 countries rely on PI System to improve operational performance, protect health and safety, keep the lights on, and make the world run more smoothly. AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. In November, Aveva said it planned to raise GBP2.84 billion through a rights issue of shares, which will go towards the USD5.0 billion acquisition of OSIsoft. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $5bn takeover that is one of the largest deals struck by a UK technology company. AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. AVEVA says it’s in talks to acquire OSIsoft. AVEVA’s Acquisition of OSIsoft Will Provide New Opportunities for Data to Drive Digital Transformation. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $5bn takeover that is one of the largest deals struck by a UK technology company. Cambridge 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. 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. MDT Holdings, Inc. (“Mitsui”), a company owned by Mitsui Group. Lots more detail to come but here’s what we know now: AVEVA intends to finance the acquisition by issuing $0.6 billion in Ordinary Shares and using $4.4 billion in cash. 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. We're sorry, but we can't find the page you were looking for. AVEVA’s $5 Billion OSIsoft Acquisition Reshapes The Industrial Software Landscape Craig Hayman, AVEVA’s CEO, today dropped the bombshell news on the industrial software market that his firm – with the backing of its majority shareholder Schneider Electric – has acquired OSIsoft for a cool $5 billion . Part of French group Schneider Electric, Aveva said the purchase would allow the British company "to accelerate the market adoption and expansion of OSIsoft Cloud Services and other cloud-based offerings". The UK software company's acquisition of the data management firm was announced in August. In November, Aveva said it planned to raise GBP2.84 billion through a rights issue of shares, which will go towards the USD5.0 billion acquisition of OSIsoft. In November, Aveva said it will pay USD5.0 billion for the acquisition of OSIsoft. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $ 5 billion buyout which is one of the largest deals ever by a UK tech company.Cambridge-based Aveva is one of Britain’s oldest technology companies, having split from Cambridge University in the 1960s. Aveva AVV, -0.75% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software. In the process of developing the software for advanced control, OSIsoft built a data collection system and transitioned from an advanced control company to focus on its data collection, historian, and visualization tools. Why Are One-Bedroom Apartments INCREASING in Size? By Zoe Wickens; zoewickens@alliancenews.com Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Software company Aveva Group has announced that the proposed acquisition of OSIsoft, which manufactures application software for real-time data management, was approved at its annual general meeting on 24 November. Aveva has announced a £2.84bn rights issue to partly fund its acquisition of US software group OSIsoft. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $ 5 billion buyout which is one of the largest deals ever by a UK tech company.Cambridge-based Aveva is one of Britain’s oldest technology companies, having split from Cambridge University in the 1960s. OSIsoft's J. Patrick Kennedy. AVEVA Group plc (LON:AVV), 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.. Aveva Group Plc is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter. OSIsoft performed strongly in the seven months ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019, and adjusted EBIT and operating cash flow increasing by 110.1% and 33.3%, respectively. Integrating OSIsoft’s PI System into AVEVA’s comprehensive software portfolio will create an integrated data foundation that can drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement in my new role as the largest individual shareholder in the combined company and as Chairman Emeritus to ensure we realize the full benefits of this transaction.”, This is an abbreviated press release. , UK, with combined pro forma revenue of c.£1.2 billion and wants to its... 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