Schneider Electric to combine its industrial software business with AVEVA

Schneider Electric agreed with AVEVA Group plc to combine its industrial software business with AVEVA, with Schneider taking 60% of the enlarged group; the share consideration is about GBP 1.7 billion plus GBP 550 million in cash.

“The value of the consideration shares to be issued to Schneider Electric is approximately £1.7 B based on the AVEVA Group closing share price at the Latest Practicable Date.”hydrocarbonprocessing.com

• 1 source
• hydrocarbonprocessing.comAVEVA to merge with Schneider ElectricSep 13, 2017

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