# 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.

- Type: Acquisition
- Announced: 2022-09-21
- Where: Cambridge, England, United Kingdom
- Value: $10.7B (9.48B GBP)
- Status: announced
- Products: industrial software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [lse.co.uk](https://www.lse.co.uk/rns/offer-for-aveva-group-plc-vmbo8s6ph45ml6j.html), 2022-09-21: "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."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2022-09-21/schneider-agrees-to-buy-aveva-in-9-48-billion-software-deal), 2022-09-21: "Schneider Electric SE agreed to buy out minority shareholders in Aveva Group Plc in a deal that values the UK industrial software company at £9.5 billion ($10.8 billion), the latest foreign takeover of British tech company."
- [networkworld.com](https://www.networkworld.com/article/971474/digital-twin-tech-at-crux-of-schneider-electrics-107b-deal-for-aveva.html), 2022-09-21: "Digital-twin technology is playing an important role in the plan by French industrial automation company Schneider Electric to fully take over UK industrial and engineering software vendor Aveva, in a $10.7 billion deal announced Wednesday."

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