Combined Product Offering to Support Customers in Optimizing Operations, Driving Sustainability and Creating Greater Value. News and perspectives on OSIsoft, the PI sytem community, and industry. The statement came after Bloomberg reported the two were in talks regarding a deal that could value the target at USD 5.00 billion. 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%. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. British industrial software publisher Aveva, subsidiary of the French group Schneider Electric, announced on Tuesday that it had reached an agreement to buy its American competitor OSIsoft for 5 billion dollars. 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 … 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 Acquisition will bring together 'complementary product offerings'. AVEVA and OSIsoft combine, accelerating digital transformation of industrial world. Aveva, 60% owned by Schneider Electric, has integrated much of the French industrial company’s own … 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 Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. Read. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. Visit our newsroom . Interim dividend maintained at 15.5 pence per share, reflecting confidence in AVEVA’s resilience; OSIsoft update. 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. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. 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. OSIsoft is a global leader in real-time industrial data software. 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"). Industrial software giant AVEVA has announced it will purchase real-time data services firm OSIsoft in a deal worth $5 billion. OSIsoft is a global leader in real-time industrial data software. Let’s work together. Press Contacts. Aveva picking up OSIsoft. August 25, 2020 Craig Gambol Zephyr. 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. We’ve been delivering reliable data for over 40 years. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data … Aveva Group confirmed recent media reports that it has entered into discussions to acquire industrial software group OSIsoft. The Board of AVEVA Group Plc ("AVEVA" or the "Company") provides the following update on the progress of the proposed acquisition of OSIsoft. 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. 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. 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. Under the terms of the transaction, the buyer will pay USD 5.00 billion for the business. 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. 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). LONDON: Mitsui & Co. Ltd. recently agreed to sell its entire shareholding in OSIsoft LLC. We’d like to help you too. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. 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. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. OSIsoft has a The combination of AVEVA and OSIsoft will help customers in industrial and essential organizations accelerate their … AVEVA and OSIsoft have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /PRNewswire/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in … 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 has signed on the dotted line to pick up OSIsoft, a maker of data management application software. 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. Press Release . In fact, 24 of our first 25 customers still use our platform. 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