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AVEVA agreed to acquire OSIsoft, a provider of real-time industrial data software, for $5.0 billion. The combination aims to join AVEVA's industrial software portfolio with OSIsoft's PI System.
Schneider Electric agreed with AVEVA Group plc to combine its industrial software business with AVEVA, with Schneider taking 60% of the enlarged group; the share consideration is about GBP 1.7 billion plus GBP 550 million in cash.