Schneider Electric Software to buy Aveva

摘要

Having shelled out some $5.2 billion to acquire Invensys last year, France's Schneider Electric is now to acquire UK-based Aveva in a cash and paper deal. Schneider is to contribute a selection of its industrial software assets to Aveva along with a ￡550 million cash payment. In return, Schneider will receive new Aveva shares, giving it a 53.5% stake in the new Aveva Group. Aveva shares popped 30% on the announcement but failed to register on Schneider's ?32bn market capitalization.