The statement came after Bloomberg reported the two were in talks regarding a deal that could value the target at USD 5.00 billion. Press Release August 25, 2020 August 25, 2020 The sale is expected to be completed around the end of 2020, after the necessary approvals have been obtained. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. The combination of AVEVA and OSIsoft will help customers in industrial and essential organizations accelerate their … 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. Under the terms of the transaction, the buyer will pay USD 5.00 billion for the business. If you are a journalist and you're looking for more information on any of AVEVA's news releases, please get in touch with our press contacts. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. AVEVA Recognized by Frost & Sullivan with the 2020 Best Practices Award for Growth, Innovation, and Leadership Excellence in the Asset Performance Management Market Read More Press Release Combined Product Offering to Support Customers in Optimizing Operations, Driving Sustainability and Creating Greater Value. OSIsoft is a global leader in real-time industrial data software. 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. Acquisition will bring together 'complementary product offerings'. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric. On 25 August 2020, AVEVA announced that it has reached agreement to acquire OSIsoft at an enterprise value of $5.0 billion. Let’s work together. AVEVA and OSIsoft combine, accelerating digital transformation of industrial world. 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 picking up OSIsoft. LONDON and SAN LEANDRO, Calif., Aug. 25, 2020 /PRNewswire/ -- AVEVA, a global leader in industrial software, and OSIsoft, a global leader in … OSIsoft is a global leader in real-time industrial data software. 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. Industrial software giant AVEVA has announced it will purchase real-time data services firm OSIsoft in a deal worth $5 billion. Press Contacts. In fact, 24 of our first 25 customers still use our platform. The acquisition is expected to complete between December 2020 and February 2021, subject to certain regulatory approvals. Aveva has signed on the dotted line to pick up OSIsoft, a maker of data management application software. The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. Aveva Group confirmed recent media reports that it has entered into discussions to acquire industrial software group OSIsoft. Aveva, 60% owned by Schneider Electric, has integrated much of the French industrial company’s own … OSIsoft is a global leader in real-time industrial data software. OSIsoft has continued to perform strongly in the seven-month period ended 31 July 2020 with revenue increasing by 9.5% compared to the seven months ended 31 July 2019 and operating profit increasing by 110.1%. PRESS RELEASE AVEVA Powers Smart Manufacturing at Schneider Electric Cambridge, 10 October 2018- AVEVA, a global leader... | December 18, 2020 Aveva to pay 5.7 times its 2019 revenue to make acquisition; Aveva’s acquisition of OSISoft will create a leader in asset data collection, storage and analysis. OSIsoft has a 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. Read. LONDON: Mitsui & Co. Ltd. recently agreed to sell its entire shareholding in OSIsoft LLC. 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