# Schneider Electric completes takeover of Aveva Group

Schneider Electric completed its takeover of Aveva Group, an industrial software firm, acquiring the 41% of shares it did not already own for 3,225 pence per share, valuing Aveva at £9.86 billion.

- Type: Acquisition
- Announced: 2023-01-18
- Where: United Kingdom
- Value: $12.0B (9.86B GBP)
- Status: completed
- 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/news/in-brief-schneider-electric-completes-aveva-takeover-tlegwt0dpcegeuf.html), 2023-01-18: "Schneider Electric SE - Rueil-Malmaison, France-based energy management company - Completes takeover of Aveva Group PLC"
- [information-age.com](https://www.information-age.com/schneider-electric-completes-acquisition-of-aveva-123501163/), 2023-01-19: "The needs of the industrial world are becoming ever more complex."
- [techtrends.africa](https://techtrends.africa/aveva-announces-the-completion-of-its-acquisition-by-schneider-electric/), 2023-01-19: "AVEVA, a global leader in industrial software, today announced the completion of its acquisition by Schneider Electric"

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