Schneider Electric acquires industrial software company AVEVA

Schneider Electric acquires industrial software company AVEVA

Schneider Electric, an automation and energy management company, acquired AVEVA, an industrial software company.

AVEVA will now be wholly owned and part of Schneider Electric, through this acquisition AVEVA will preserve its business autonomy and future R&D investment.

AVEVA’s software drives efficiency and reduces costs for over 20K customers worldwide, offering a Digital Twin for the whole asset lifecycle from engineering through to operations and maintenance across diverse industries worldwide.

“AVEVA is now optimally placed, with the collaboration not just of Schneider Electric but all its partners, to drive innovation, change and value for its customers.  The last 50 years for AVEVA have been incredibly exciting. Thank you to all of the stakeholders who have been part of the journey so far in creating a global leader in industrial software and data. I’m convinced that through continued investment and transformation, the best is yet to come,” Peter Herweck, CEO of AVEVA, said.

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