# 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.

- Type: Acquisition
- Announced: 2017-09-13
- Value: $2.23B (1.70B GBP)
- Status: announced
- Products: engineering software, industrial software

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [AVEVA](https://endata.com/companies/2049.md) (target)

## Sources

- [hydrocarbonprocessing.com](https://www.hydrocarbonprocessing.com/news/2017/09/aveva-to-merge-with-schneider-electric/), 2017-09-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.