AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. Those in the meeting expressed their thoughts and approach for accomplishing edge to enterprise & cloud digitalization driven by industry 4.0 and Industrial Internet of things concepts and technologies. High Cross AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. The acquisition is expected to close in late 2020 or early 2021. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Building Stakeholder Value and Improving Sustainability. All Rights Reserved. Enterprise value of $5.0 billion on a cash-free, debt-free basis and on the basis of a normalized level of working capital at completion. 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. This builds upon the 2018 merger of Schneider Electric’s industrial software business, including Wonderware, into AVEVA. 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. AVEVA has reached agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. . The acquisition was described as a transformative transaction for the next phase of AVEVA’s journey, strengthening AVEVA’s position as one of the leading "independent" industrial software companies powering Industry 4.0. StockMarketWire.com - Information technology company Aveva said it expected to receive regulatory approvals for its acquisition of OSIsoft over the … Aveva, 60% owned by Schneider Electric, has integrated much of the French industrial … "It’s not set by the data being in particular DCS, a multiplexer or other device.”  There are a lot of synergies and potential for OSIsoft to continue its growth with AVEVA. 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. “One of the first considerations that Aviva had when it merged with Schneider Software was to give ourselves more bandwidth to operate cradle-to-grave, developing a project right through operations and maintenance. 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. . 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. 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. Madingley Road Philip Aiken: “Coming as a customer from the oil & gas and mining industry there has been incredible growth over the last few years of more and more data being available to run operations," Aiken explained. 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. Learn why two-thirds of Global Fortune 500 industrial organizations choose PI System at www.osisoft.com, Rose Bambi The opportunity here that the new venture we have with OSIsoft gives us the ability to give customers solutions that can never have dreamt of some years ago.”. Shares in Aveva were up 1.2% at 3,202.00 pence in London on Wednesday. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management capabilities. . As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. 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. Aveva AVV, +2.28% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. The hybrid AVEVA/Schneider Electric relationship is intriguing, and with the addition of OSIsoft provides another valuable dimension. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. If I have a tissue machine and I want something looking for flaws in that tissue I’m going to use cameras, we have to work with companies familiar with cameras and image processing.” He punctuated this by adding there are growing application areas including synchronous phasers, LIDAR, and other technologies. So why do this? Craig Hayman: “The industrial sector as compared to other industries has very low amounts of digital technology deployed as compared to other areas such as retail or financial services." 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. 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 is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter. 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. . 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. The acquisition will add scale, support industry diversification and accelerate digitalization. . 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. Another part of the discussion was the pandemic that has exposed a number of problems and issues that can be solved with digitalization. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. 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. Acquisition of OSIsoft, LLC 07:00:05 25 Aug 2020 - AVEVA GROUP PLC - News article - Regulatory News Service 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. Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. 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. 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. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. 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 November, Aveva said it will pay USD5.0 billion for the acquisition of OSIsoft. He described how many companies outside of the industry have come in and said, “Behold, I have a platform, my edge to IT, OT convergence architecture is all singing and dancing subscribe to my point of view and all will be right in the world. Aveva Group PLC agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendations on the shares. "The amount of data coming in will continue to grow. . This acquisition will send shockwaves through the industrial software market. 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. Plc, a UK listed company 's J. Patrick Kennedy rata basis number of problems issues... The amount of data coming in will continue to grow have merged to trade as AVEVA Group plc a. 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