Schneider Electric to merge with AVEVA in £3bn deal

Schneider Electric will complete a £3 billion merger with AVEVA, with AVEVA retaining its Cambridge headquarters and Schneider holding a majority stake. The deal is expected to close by end of 2020.

“We are pleased to reach an agreement on the combination of AVEVA and the Schneider Electric Industrial Software Business, thereby creating a global leader in engineering and industrial software.”businesschief.eu

• 1 source
• businesschief.euSchneider Electric and AVEVA to finally merge in £3bn deal | Business Chief UK & EuropeJohan De MulderMay 19, 2020

Summarized from public sources; check the original articles before acting on it.