OSIsoft performed strongly in the seven months ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019, and adjusted EBIT and operating cash flow increasing by 110.1% and 33.3%, respectively. Aveva Group PLC’s agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendation on the shares.. The resolution on the proposed acquisition was voted for by 99.996% of the shareholders who voted. Learn why two-thirds of Global Fortune 500 industrial organizations choose PI System at www.osisoft.com, Rose Bambi AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world. Aveva AVV, -0.75% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Aveva, a supplier of industrial software and services, has agreed terms to acquire OSIsoft, a supplier of real-time industrial data software and services for $5 billion. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. AVEVA Group plc (LON:AVV), a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion.. With broader, deeper scale and scope to lead the digital transformation of the industrial sector, the combined company will drive greater efficiencies and sustainability for many diverse essential industries, including consumer packaged goods (CPG), pharmaceutical, water and wastewater, and utilities, creating strengthened product offerings. This will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitization vision. Anti-Slavery and Human Trafficking Statement, Estudillo Holdings Corp. (“Estudillo”), a company majority owned by Dr. J. Patrick Kennedy and his family, SB/OSI, Inc. (“SoftBank”), a company owned by SoftBank Group; and. The two product suites are open and interoperable, and many customers leverage both solution sets today. Aveva gets upgraded by UBS and Investec on potential from OSIsoft acquisitionAveva Group PLC's (LON:AVV) agreed US$5bn acquisition of data OSIsoft is currently owned by three shareholders: AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. On Tuesday, it was announced that Aveva, the Cambridge, U.K.-based industrial and predictive analytics software company that is majority-owned by European multinational Schneider Electric, has agreed to pay $5 billion to purchase all of OSISoft. We're sorry, but we can't find the page you were looking for. Madingley Road The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. AVEVA and OSIsoft have a significant shared customer base, which provides synergies in multiple industries, enabling product integration and customer value. AVEVA and OSIsoft will combine their complementary product offerings, bringing together industrial software and data management to help customers in industrial and essential organizations accelerate their digital transformational strategies as efficiency, flexibility, sustainability and resilience become increasingly urgent requirements for customers. Aveva has announced a £2.84bn rights issue to partly fund its acquisition of US software group OSIsoft. According to documentation from Aveva, the acquisition will be funded through a combined rights issue, cash on balance sheet, new debt facilities and ordinary share issuance. Aug. 25, 2020 - Industrial Software company AVEVA announced the acquisition of OSIsoft famous for the PI Historian for the purchase price of $5 billion expanding the company’s digitalization offerings. AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. In November, Aveva said it will pay USD5.0 billion for the acquisition of OSIsoft. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Industrial software giant AVEVA has plans to grow OSIsoft’s cloud-based Industrial IoT (IIOT) offering after agreeing a $5 billion takeover of the American firm. Terms and Conditions. By Rick Rys Category: Acquisition or Partnership OSIsoft started out in 1980 by building advanced control software for refineries. The $22,000 Mark for Bitcoin Has Been Achieved! Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $5bn takeover that is one of the largest deals struck by a UK technology company. The FTSE 100 industrial software specialist agreed the deal in August, in November unveiled a fully underwritten GBP2.8bn rights issue, and last month said with almost all regulatory approvals given, the purchase … It’s been rumored for a while that Schneider Electric is thinking about acquiring OSIsoft; today AVEVA said in a press release that it was in talks for the deal. OSIsoft performed strongly in the seven months ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019, and adjusted EBIT and operating cash flow increasing by 110.1% and 33.3%, respectively. Aveva Group Plc is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. It's probably some thing we've done wrong but now we know about it and we'll try to fix it. All Rights Reserved. On Tuesday, the privately held company with backing from investors including Japan’s SoftBank and Mitsui announced plans to be acquired by industrial software provider Aveva. AVEVA and the AVEVA logo are a trademark or registered trademark of AVEVA Group plc in the U.S. and other countries. High Cross (Alliance News) - Aveva Group PLC on Wednesday said it has now received almost all antitrust and regulatory clearances required ahead of data management software firm OSIsoft … The acquisition … In the process of developing the software for advanced control, OSIsoft built a data collection system and transitioned from an advanced control company to focus on its data collection, historian, and visualization tools. September 12, 2020. In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held … The UK software company's acquisition of the data management firm was announced in August. Senior Director, PR and External Relations By Zoe Wickens; zoewickens@alliancenews.com Aveva has announced a £2.84bn rights issue to partly fund its acquisition of US software group OSIsoft. Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening AVEVA’s position as a global leader in industrial software. Combined Product Offering to Support Customers in Optimizing Operations, Driving Sustainability and Creating Greater Value. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Remember how AVEVA said it was in talks to acquire OSISoft? Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. As part of this acquisition, Aveva will combine OSIsoft ’s products with its own. In the meantime, try one of these options: How to Get Your Kids Investing in the Stock Market. PI System acts as a single system of record for operations data, designed for massive cloud-enabled scale and data sharing across enterprises, and enables insightful operations decision making. AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. OSIsoft’s market-leading PI System is the proven system of record for operational data in essential industries: power generation and utilities, water, oil and gas, mining, manufacturing, pharmaceutical, facilities, transportation, and more. Why Are One-Bedroom Apartments INCREASING in Size? A … Aug 10, 2020 | Hot Topics It’s been rumored for a while that Schneider Electric is thinking about acquiring OSIsoft; today AVEVA said in a press release that it was in talks for the deal. Acquisition or Partnership OSIsoft started out in 1980 by building advanced control software for refineries. [email protected], AVEVA Group plc Cambridge, U.K.-based Aveva announced it will acquire California-based Osisoft for $5 billion. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, has provided an update on the debt financing relating to its proposed acquisition of OSIsoft announced on 25 August 2020.. Syndication of the £250 million revolving credit facility has now successfully completed with HSBC and Santander joining J.P. Morgan, Barclays and BNP Paribas as providers of this facility. CB3 0HB, UK, © 2020-2021 AVEVA Group plc and its subsidiaries. In November, Aveva said it planned to raise GBP2.84 billion through a rights issue of shares, which will go towards the USD5.0 billion acquisition of OSIsoft. AVEVA’s OSIsoft Acquisition Reshapes The Industrial Software Landscape Source: OSIsoft.com LONDON, UK and SAN LEANDRO, California - 25th August 2020 - AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. In a $5 billion deal, engineering and industrial software company AVEVA has agreed to acquire OSIsoft, maker of the PI System, which is a market-leading operational data software solution. The complementary product offerings of AVEVA and OSIsoft will allow the combined company to continue to generate significant value for its stakeholders by creating new opportunities for innovation using new and emerging technologies. © 2021 - Everyday Trade News. AVEVA’s $5 Billion OSIsoft Acquisition Reshapes The Industrial Software Landscape Craig Hayman, AVEVA’s CEO, today dropped the bombshell news on the industrial software market that his firm – with the backing of its majority shareholder Schneider Electric – has acquired OSIsoft for a cool $5 billion . AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. AVEVA and OSIsoft Combine Accelerating Digital Transformation of Industrial World. For further details about this announcement, please refer to the Regulatory News Service at: https://investors.aveva.com/. OSIsoft’s data management software will complement AVEVA’s comprehensive end-to-end engineering, operations, and performance offerings. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held … AVEVA will adopt OSIsoft’s PI system, which collects, normalises, stores and streams real-time operational data to applications, analytics, artificial intelligence and machine learning platforms. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. This combination enables AVEVA to grow and diversify the industries it serves as well as continue to expand its footprint in existing and new markets and geographies. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. Lots more detail to come but here’s what we know now: AVEVA intends to finance the acquisition by issuing $0.6 billion in Ordinary Shares and using $4.4 … AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. This transformative deal for AVEVA, strengthens our position as a global leader in engineering and industrial software. Software company Aveva Group has announced that the proposed acquisition of OSIsoft, which manufactures application software for real-time data management, was approved at its annual general meeting on 24 November. Shares in Aveva were up 1.2% at 3,202.00 pence in London on Wednesday. Commenting on the agreement, Craig Hayman, CEO of AVEVA, said: “Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. The Board of AVEVA Group Plc ('AVEVA' or the 'Company') provides the following update on the progress of the proposed acquisition of OSIsoft. Shares in the organisation fell by 2% after the announcement. AVEVA has agreed an acquisition of OSIsoft at an enterprise value of … Cambridge LONDON, UK and SAN LEANDRO, California - 25th August 2020 - AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. AVEVA CEO Craig Hayman talks to Bloomberg following the company’s latest $5bn acquisition of software-backed company OSIsoft. Every day, industrial professionals in 127 countries rely on PI System to improve operational performance, protect health and safety, keep the lights on, and make the world run more smoothly. We are extremely proud to be moving into the next chapter with an even stronger solutions portfolio as well as an ever-increasing and robust customer base which continues to make us leaders in our sector.”, OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Aveva Group PLC's agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendation on the shares. [email protected], Sard Verbinnen & Co Billionaire’s Son Loses $50 Million Trying to Day…. LONDON, UK and SAN LEANDRO, California – 25th August 2020 – AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. OSIsoft's J. Patrick Kennedy. Aveva specialises in software for the oil and gas sector and wants to expand its business. Defined terms used in this announcement shall have the meaning given to them in the combined circular and prospectus published by the Company on 6 November 2020 (the 'Prospectus'). AVEVA’s Acquisition of OSIsoft Will Provide New Opportunities for Data to Drive Digital Transformation. • Circular and Prospectus to approve the transaction and launch the proposed rights issue expected in October or early November 2020 • Closing at or around the end of the calendar year. Software giant Aveva merges with OSIsoft in multi-billion dollar deal By Sead Fadilpašić 25 August 2020 Acquisition will bring together 'complementary product offerings'. In addition to sharing a complementary solutions portfolio, this transaction further validates AVEVA’s leading position in digitization and IIoT. Cambridge, U.K.-based Aveva announced it will acquire California-based Osisoft for $5 billion. Aug. 25, 2020 - Industrial Software company AVEVA announced the acquisition of OSIsoft famous for the PI Historian for the purchase price of $5 billion expanding the company’s digitalization offerings. AVEVA Group plc ("AVEVA" or the "Company"), a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft (the "Acquisition"), at an enterprise value of $5.0 billion. Part of French group Schneider Electric, Aveva said the purchase would allow the British company "to accelerate the market adoption and expansion of OSIsoft Cloud Services and other cloud-based offerings". Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $ 5 billion buyout which is one of the largest deals ever by a UK tech company.Cambridge-based Aveva is one of Britain’s oldest technology companies, having split from Cambridge University in the 1960s. AVEVA has reached agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. LONDON, UK and SAN LEANDRO, California – 25th August 2020 – AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. It will issue 125m shares to raise the cash. AVEVA says it’s in talks to acquire OSIsoft. AVEVA Group plc (LON:AVV), a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion.. Lots more detail to come but here’s what we know now: AVEVA intends to finance the acquisition by issuing $0.6 billion in Ordinary Shares and using $4.4 billion in cash. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $ 5 billion buyout which is one of the largest deals ever by a UK tech company.Cambridge-based Aveva is one of Britain’s oldest technology companies, having split from Cambridge University in the 1960s. OSIsoft’s PI System enables customers to collect, normalize, store, and stream real-time, high-fidelity operational data to applications, analytics, and AI and ML platforms. LONDON, UK and SAN LEANDRO, California – 25th August 2020 – AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and customer-driven culture. The Acquisition will strengthen AVEVA’s position as a global leader in industrial software, with combined pro forma revenue of c.£1.2 billion. Aveva, one of Britain’s oldest technology groups, is set to raise £2.8bn in a rights issue to help fund the $5bn acquisition of OSIsoft, its SoftBank-backed US rival. Double Digit Returns on Friday – Did You…, Americans Are Drowning in DEBT More Than Ever…. As a combined entity, AVEVA and OSIsoft can further deliver on their sustainability goals, driving significant benefits and value for their customers. Software company Aveva Group has announced that the proposed acquisition of OSIsoft, which manufactures application software for real-time data management, was approved at its annual general meeting on 24 November. Tel: +1 (212) 687-8080 Building Stakeholder Value and Improving Sustainability. The FTSE 100 industrial software specialist agreed the deal in August, in November unveiled a fully underwritten GBP2.8bn rights issue, and last month said with almost all regulatory approvals given, the purchase … OSIsoft works with over 1,000 of the world’s leading power and utilities companies, 38 of the Global Fortune Top 40 oil and gas companies, all of the Global Fortune Top 10 metals and mining companies, 37 out of 50 of the world's largest chemical and petrochemical companies and 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies. For more details visit: https://www.aveva.com/en/, For 40 years, the world’s most essential and complex industries have relied on OSIsoft to manage the lifeblood of the industrial enterprise: operational data. AVEVA and OSIsoft have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. In November, Aveva said it planned to raise GBP2.84 billion through a rights issue of shares, which will go towards the USD5.0 billion acquisition of OSIsoft. Aveva AVV, -0.75% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Engineering and industrial software Aveva said it would launch a rights issue to raise gross proceeds of approximately £2.835 billion to partly fund the acquisition of OSIsoft, a global leader in real-time industrial data software and services. AVEVA CEO Craig Hayman talks to Bloomberg following the company’s latest $5bn acquisition of software-backed company OSIsoft. Emily Claffey / Ben Spicehandler / Tori Goodell The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement in my new role as the largest individual shareholder in the combined company and as Chairman Emeritus to ensure we realize the full benefits of this transaction.”, This is an abbreviated press release. The Acquisition will enable AVEVA to broaden and deepen its relationships with both existing and new customers across the highly complementary, global customer bases. Aveva Group PLC’s agreed US$5bn acquisition of data management software firm OSIsoft has inspired UBS and Invetec to both upgrade to a ‘buy’ recommendation on the shares.. All Rights Reserved. MDT Holdings, Inc. (“Mitsui”), a company owned by Mitsui Group. Data has been enabling organizations to more effectively determine the cause of problems by allowing them to visualize what is happening in different locations, departments and systems. Aveva gets upgraded by UBS and Investec on potential from OSIsoft acquisitionAveva Group PLC's (LON:AVV) agreed US$5bn acquisition of data The acquisition … Under terms of the deal, Aveva will acquire 100% of OSISoft, valuing the company at 32.9x trailing twelve-month enterprise value to EBIT, which is broadly in line with AVEVA’s own multiple. Aveva has agreed to acquire OSIsoft, its SoftBank-backed US rival, in a $5bn takeover that is one of the largest deals struck by a UK technology company. (Schneider Electric owns most of AVEVA.) Timing. In a $5 billion deal, engineering and industrial software company AVEVA has agreed to acquire OSIsoft, maker of the PI System, which is a market-leading operational data software solution. With a combined 93 years of operating expertise and experience, they share a history of meeting the rapidly changing and evolving needs of their industrial customers, built on foundations of customer centricity and world-class talent. The resolution on the proposed acquisition was voted for by 99.996% of the shareholders who voted. Update on the Acquisition -- The Acquisition will strengthen AVEVA's position as a global leader in industrial software, with combined pro forma revenue of c.GBP1.2 billion. (Schneider Electric owns most of AVEVA.) Integrating OSIsoft’s PI System into AVEVA’s comprehensive software portfolio will create an integrated data foundation that can drive big data, Cloud and AI-driven insights to create meaningful business outcomes for customers. Part of French group Schneider Electric, Aveva said the purchase would allow the British company "to accelerate the market adoption and expansion of OSIsoft Cloud Services and other cloud-based offerings". Digitalization Stack Buildout: AVEVA Acquires OSIsoft . That cash will come from a rights issue of $3.5 billion and $0.9 billion of cash on balance sheet and new debt facilities. AVEVA’s Proposed Acquisition of OSIsoft AVEVA and OSIsoft to Accelerate the Digital Transformation of the Industrial World 25 August 2020 Craig Hayman, CEO This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. Digitalization Stack Buildout: AVEVA Acquires OSIsoft . Aveva intends to raise $3.7bn via a rights issue in order to fund its buyout of Softbank-backed OSIsoft.

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