# Schneider Electric increases and finalizes cash offer for AVEVA Group

Schneider Electric, through its subsidiary Bidco, announced an increased and final recommended cash offer for AVEVA Group plc, valuing the company. The acquisition is to be effected by a court-approved scheme of arrangement.

- Type: Acquisition
- Announced: 2022-11-11
- Where: London, United Kingdom
- Value: $4.40B
- 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)
- [Ascot Acquisition Holdings Limited](https://endata.com/companies/66584.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/schneider-electric-se-EPA:SU/news/reg-aveva-group-plc-schneider-elec-se-increased-and-final-recommended-cash-offer-urn:newsml:reuters.com:20221111:nRSK1851Ga/), 2022-11-11: "The boards of Schneider Electric and Bidco and the AVEVA Independent Committee announced that they had reached agreement on the terms of a recommended cash acquisition."
- [mergersight.com](https://www.mergersight.com/post/schneider-electric-s-4-4bn-acquisition-of-aveva), 2022-11-21: "Since Schneider Electric and AVEVA agreed to combine our software businesses five years ago, we have recognised the growing opportunity for our technology to address three of the highest priorities of our industrial customers today: full digitisation, energy security and efficiency and sustainabilit"
- [uk.investing.com](https://uk.investing.com/news/stock-market-news/avevas-shareholders-accept-schneider-takeover-2838699), 2022-11-25: "Aveva's shareholders accept Schneider's $12 billion software takeover"

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