# 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.

- Type: Acquisition
- Announced: 2020-05-19
- Where: Cambridge, UK, United Kingdom
- Value: $3.70B (3.00B GBP)
- Status: announced
- Products: industrial software, engineering software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [businesschief.eu](https://businesschief.eu/corporate-finance/schneider-electric-and-aveva-finally-merge-pound3bn-deal), 2020-05-19: "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."

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