aveva osisoft acquisition

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". AVEVA CEO Craig Hayman talks to Bloomberg following the company’s latest $5bn acquisition of software-backed company OSIsoft. Aug. 25, 2020 - Industrial Software company AVEVA announced the acquisition of OSIsoft famous for the PI Historian for the purchase price of $5 billion expanding the company’s digitalization offerings. AVEVA and OSIsoft have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. 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.. 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’s Proposed Acquisition of OSIsoft AVEVA and OSIsoft to Accelerate the Digital Transformation of the Industrial World 25 August 2020 Craig Hayman, CEO [email protected], Sard Verbinnen & Co The Acquisition will enable AVEVA to broaden and deepen its relationships with both existing and new customers across the highly complementary, global customer bases. 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. 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. OSIsoft works with over 1,000 of the world’s leading power and utilities companies, 38 of the Global Fortune Top 40 oil and gas companies, all of the Global Fortune Top 10 metals and mining companies, 37 out of 50 of the world's largest chemical and petrochemical companies and 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies. Data has been enabling organizations to more effectively determine the cause of problems by allowing them to visualize what is happening in different locations, departments and systems. 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. Billionaire’s Son Loses $50 Million Trying to Day…. Digitalization Stack Buildout: AVEVA Acquires OSIsoft . 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 is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. 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. Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and customer-driven culture. The $22,000 Mark for Bitcoin Has Been Achieved! This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software. 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. Shares in the organisation fell by 2% after the announcement. The acquisition … Aveva has announced a £2.84bn rights issue to partly fund its acquisition of US software group OSIsoft. It will issue 125m shares to raise the cash. 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. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held … 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. 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. 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'). Why Are One-Bedroom Apartments INCREASING in Size? Shares in Aveva were up 1.2% at 3,202.00 pence in London on Wednesday. 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. 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. (Schneider Electric owns most of AVEVA.) 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. In the meantime, try one of these options: How to Get Your Kids Investing in the Stock Market. AVEVA has agreed an acquisition of OSIsoft at an enterprise value of … In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held … Emily Claffey / Ben Spicehandler / Tori Goodell A … Aveva AVV, -0.75% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. 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 announced a £2.84bn rights issue to partly fund its acquisition of US software group OSIsoft. Aveva gets upgraded by UBS and Investec on potential from OSIsoft acquisitionAveva Group PLC's (LON:AVV) agreed US$5bn acquisition of data For more details visit: https://www.aveva.com/en/, For 40 years, the world’s most essential and complex industries have relied on OSIsoft to manage the lifeblood of the industrial enterprise: operational data. Industrial software giant AVEVA has plans to grow OSIsoft’s cloud-based Industrial IoT (IIOT) offering after agreeing a $5 billion takeover of the American firm. AVEVA Group plc ("AVEVA" or the "Company"), a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft (the "Acquisition"), at an enterprise value of $5.0 billion. Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. 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. 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. The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. Madingley Road 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. 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 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 and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent requirements for customers. Combined Product Offering to Support Customers in Optimizing Operations, Driving Sustainability and Creating Greater Value. OSIsoft's J. Patrick Kennedy. The two product suites are open and interoperable, and many customers leverage both solution sets today. That cash will come from a rights issue of $3.5 billion and $0.9 billion of cash on balance sheet and new debt facilities. 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. 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. 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 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. The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. The acquisition … 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. 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. 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. In addition to sharing a complementary solutions portfolio, this transaction further validates AVEVA’s leading position in digitization and IIoT. 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.. 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 on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. AVEVA’s Acquisition of OSIsoft Will Provide New Opportunities for Data to Drive Digital Transformation. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. High Cross 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. [email protected], AVEVA Group plc AVEVA will adopt OSIsoft’s PI system, which collects, normalises, stores and streams real-time operational data to applications, analytics, artificial intelligence and machine learning platforms. 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. September 12, 2020. 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 … This combination enables AVEVA to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. As part of this acquisition, Aveva will combine OSIsoft ’s products with its own. © 2021 - Everyday Trade News. Acquisition or Partnership OSIsoft started out in 1980 by building advanced control software for refineries. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. 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. 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. Timing. Learn why two-thirds of Global Fortune 500 industrial organizations choose PI System at www.osisoft.com, Rose Bambi This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. Terms and Conditions. Tel: +1 (212) 687-8080 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. It's probably some thing we've done wrong but now we know about it and we'll try to fix it. AVEVA’s OSIsoft Acquisition Reshapes The Industrial Software Landscape Source: OSIsoft.com 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. (Schneider Electric owns most of AVEVA.) On Tuesday, the privately held company with backing from investors including Japan’s SoftBank and Mitsui announced plans to be acquired by industrial software provider Aveva. Aveva intends to raise $3.7bn via a rights issue in order to fund its buyout of Softbank-backed OSIsoft. 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 resolution on the proposed acquisition was voted for by 99.996% of the shareholders who voted. Building Stakeholder Value and Improving Sustainability. 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. 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". PI System acts as a single system of record for operations data, designed for massive cloud-enabled scale and data sharing across enterprises, and enables insightful operations decision making. All Rights Reserved. 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. 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 … We're sorry, but we can't find the page you were looking for. Aug. 25, 2020 - Industrial Software company AVEVA announced the acquisition of OSIsoft famous for the PI Historian for the purchase price of $5 billion expanding the company’s digitalization offerings. 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. 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. 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. AVEVA has reached agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. Senior Director, PR and External Relations AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. 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. 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. 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. 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 . All Rights Reserved. Digitalization Stack Buildout: AVEVA Acquires OSIsoft . • Circular and Prospectus to approve the transaction and launch the proposed rights issue expected in October or early November 2020 • Closing at or around the end of the calendar year. Remember how AVEVA said it was in talks to acquire OSISoft? The Board of AVEVA Group Plc ('AVEVA' or the 'Company') provides the following update on the progress of the proposed acquisition of OSIsoft. Aveva specialises in software for the oil and gas sector and wants to expand its business. 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. (Alliance News) - Aveva Group PLC on Wednesday said it has now received almost all antitrust and regulatory clearances required ahead of data management software firm OSIsoft … For further details about this announcement, please refer to the Regulatory News Service at: https://investors.aveva.com/. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. In November, Aveva said it will pay USD5.0 billion for the acquisition of OSIsoft. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. 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. 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 says it’s in talks to acquire OSIsoft. By Rick Rys Category: Acquisition or Partnership OSIsoft started out in 1980 by building advanced control software for refineries. Aveva gets upgraded by UBS and Investec on potential from OSIsoft acquisitionAveva Group PLC's (LON:AVV) agreed US$5bn acquisition of data Commenting on the agreement, Craig Hayman, CEO of AVEVA, said: “Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set. Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. AVEVA CEO Craig Hayman talks to Bloomberg following the company’s latest $5bn acquisition of software-backed company OSIsoft. AVEVA and OSIsoft have a significant shared customer base, which provides synergies in multiple industries, enabling product integration and customer value. Cambridge Cambridge, U.K.-based Aveva announced it will acquire California-based Osisoft for $5 billion. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. MDT Holdings, Inc. (“Mitsui”), a company owned by Mitsui Group. 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. 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. 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. The UK software company's acquisition of the data management firm was announced in August. 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.. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. OSIsoft’s data management software will complement AVEVA’s comprehensive end-to-end engineering, operations, and performance offerings. Aveva AVV, -0.75% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Cambridge, U.K.-based Aveva announced it will acquire California-based Osisoft for $5 billion. 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. 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 … Double Digit Returns on Friday – Did You…, Americans Are Drowning in DEBT More Than Ever…. 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. OSIsoft’s market-leading PI System is the proven system of record for operational data in essential industries: power generation and utilities, water, oil and gas, mining, manufacturing, pharmaceutical, facilities, transportation, and more. The resolution on the proposed acquisition was voted for by 99.996% of the shareholders who voted. The complementary product offerings of AVEVA and OSIsoft will allow the combined company to continue to generate significant value for its stakeholders by creating new opportunities for innovation using new and emerging technologies. 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. End-To-End engineering, Operations, driving Sustainability and Creating Greater value eliminate.! Megatrends that are driving Digital Transformation projects in history, including 4,200 partners and 5,700 certified.. By Rick Rys Category: acquisition or Partnership OSIsoft started out in 1980 Dr.. The aveva logo are a trademark or registered trademark of aveva Group plc in Stock! Reached agreement to acquire OSIsoft for $ 5.0 billion Regulatory News service at: https: //investors.aveva.com/ can... Operations, and performance offerings aveva have merged to trade as aveva Group in... Customers to improve business processes as well as eliminate inefficiencies giant aveva merges OSIsoft. Multi-Billion dollar deal by Sead Fadilpašić 25 August 2020 acquisition will strengthen aveva ’ products! 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