Schneider Electric to acquire AVEVA Group for £9.48 billion

Schneider Electric, through its subsidiary Bidco, announced a recommended cash acquisition of AVEVA Group plc for 3,100 pence per share, valuing the company at approximately £9.48 billion. Schneider already holds a 59.14% stake via Samos.

“The boards of Schneider Electric and Bidco and the AVEVA Independent Committee are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition.”lse.co.uk

• 3 sources
• lse.co.ukOffer for AVEVA Group plc | Regulatory NewsSep 21, 2022
• bloomberg.comSchneider Electric to Buy Aveva in £9.5 Billion Industrial Software Deal - BloombergAaron Kirchfeld, Dinesh Nair, Albertina TorsoliSep 21, 2022
• networkworld.comDigital-twin tech at crux of Schneider Electric’s $10.7B deal for Aveva | Network WorldJon GoldSep 21, 2022

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