AVEVA GROUP PLC. The FIT with AVEVA … Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and … 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 … 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.”, Letter from OSIsoft CEO Dr. J. Patrick Kennedy. By: Sally Marshall, Izer Onadim, Valeriya Shreyber, Max Raso (Imperial College London), Zahra Malik, Devangini Vanalia and Deimante Chailenko (University of Manchester). 25.08.2020 14:24. The funds and assets of the larger company provide some assurance and security to OSIsoft. and systems. synopsis: UK-based AVEVA has reached an agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. Software for a Sustainable Future. 16 December 2020. 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. Health and Safety for Mining Industries. Its PI System is the … OSIsoft’s software has great potential. The purchase of OSIsoft will provide full-stack end-to-end solutions and accelerate digital transformational strategies. This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. Founded in 1980 by Dr. J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. The data collected and analysed by OSIsoft’s PI software could also be used by AVEVA to improve its other offerings. To fund the rest of the proposed $5 billion deal, AVEVA considered offering stock, selling new equity, or both. We work with you … and systems. Aveva has 4,600 employees across 54 locations and £766.60 M in annual revenue in FY 2019. Aveva AVV, +2.28% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Both companies now sell operational data software and services to … The Board of AVEVA Group Plc ('AVEVA' or the 'Company') provides the following update on the progress of the proposed acquisition of OSIsoft. That will lift net debt to a still respectable 1.9 times ebitda. But that may be a factor its favour. In short, this is not a splashy tech deal. 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. 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. Furthermore, AVEVA can still offer equity to OSIsoft’s Kennedy to keep him personally invested in the combined firm. OSIsoft, LLC is a manufacturer of application software for real-time data management, called the PI System. Aveva is seeking to break the “winners’ curse” with a $5bn acquisition of SoftBank-backed OSIsoft. 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. As part of this acquisition, Aveva will combine OSIsoft’s products with its own. AVEVA experts should work with OSIsoft development to support new enhancements and the volume of industrial data needed for the digital transformation. In the twelve months ended 30 June 2020, OSIsoft had revenue of $488.5 million and Adjusted EBIT of $152.2 million1. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. 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. Please, in order to be able to read our free chapter, put your email in the Founded in 1967, headquartered in Cambridge, England. 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. AVEVA and OSIsoft will combine their complementary product … 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. The companies will combine to help customers in industrial and essential organizations accelerate their digital transformational strategies by driving greater efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience. On August 25, 2020,  we announced an agreement with AVEVA to join forces. H1 2019 and TTM to 30 June 2020 figures are shown according to ASC 606. Aveva is financing the deal with a $3.5bn rights issue, subscribed to by majority owner Schneider, plus $900m cash and debt. August 25, 2020. Micro Focus struggled with its $8.8bn reverse takeover of Hewlett Packard Enterprise’s unwanted software business. 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.. It is privately held. Learn More. The industrial sector, although a pioneer in exploring new technology, is the last to integrate and use its technology for its resources. Therefore, this made offering OSIsoft’s owners stock in the new company less likely than a capital increase, where Schneider could buy new shares. This will open up a wide range of streamlining and integration alongside AVEVA’s other products. Elements of this product are deployed at more than 20,000 sites worldwide and manage data flows from close to 2 billion real-time sensors. AVEVA Group PLC is a British multinational information technology company based in Cambridge, England; it started as the Computer-Aided Design Center. SoftBank gets to generate an approx. Ultimately, this deal sets the way for AVEVA to become a global pioneer in the field of industrial digitalisation. It’s currently used by 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies. - Craig Hayman, CEO of AVEVA, OSIsoft’s software has great potential. It is listed on the London Stock Exchange and is part of the FTSE 100 Index. 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 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 … efficiencies, lower costs, deeper data-driven insights, sustainability and business resilience. “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. ... (EBITDA) von rund 330 Millionen Pfund im Jahr kommen. From a financial standpoint, this deal looks to benefit AVEVA greatly in the long run. Firstly, the software portfolios offered by AVEVA and OSIsoft are complementary, with AVEVA providing product options focused on the design, implementation, and control of technical systems whilst OSIsoft offers software to optimise data collection from sensors and make use of collected data. Aveva Group, the FTSE 100-listed software firm, said it intends to raise £2.84billion through a rights issue to part-fund the acquisition of SoftBank-backed rival OSIsoft.. AVEVA has entered into an agreement to buy a SoftBank-backed US rival, OSIsoft, leading to one of the largest deals struck by a UK technology company. This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. It’s currently used by 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies. AVEVA creates software that enables people to engineer, operate and maintain complex industrial assets safely, efficiently and cost-effectively. The acquisition will strengthen its position in its current subsectors and add a stronger position in the pharmaceutical, food & beverage, and life sciences markets. The deal is likely to be funded by a $3.5 billion rights issue, cash and new debt facilities. 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 vison. AVEVA and OSIsoft will further deliver on their sustainability goals, driving significant benefits for their customers. Together we will be better able to service the largest digital transformation projects in history" - J. Patrick Kennedy, CEO of OSIsoft. See insights on Aveva including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. AVEVA expertise in developing platform-independent software for the process industries could certainly be helpful in the area of interfaces, security, … Improving economic performance with remote workforce. The interoperability of these two offerings is evidenced by the fact that there are many companies that make use of software from both AVEVA and OSIsoft, such as Adani Group. 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. Aveva Group Plc has agreed to buy Osisoft in a deal that gives the SoftBank Group Corp.-backed industrial software maker an enterprise value of $5 billion. 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. Its PI System has incredible penetration in the industrial world. The $5bn acquisition presents a range of risks and uncertainties, the greatest uncertainty being integration risk. Secondly, the COVID-19 pandemic has put pressure on many companies that did not have large cash reserves. In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held £127.8M in cash and £2.48B in total assets. 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.” Craig Hayman, AVEVA CEO, San Leandro Tech Campus | 1600 Alvarado St. San Leandro, CA 94577. AVEVA-Aktie springt an: AVEVA kauft OSIsoft für Milliardenbetrag - Finanzierung über Kapitalerhöhung. The deal looks to accelerate the convergence of industrial software applications with real-time operational data flows. Britain’s record on tech deals is a sorry one. The combination will bring together world-leading industrial software and real-time operational data software and services. AVEVA’s $5 Billion Acquisition of OSIsoft, "Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set." Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft. AVEVA and OSIsoft combine to accelerate digital transformation of the industrial world. The companies will combine to help customers in industrial and essential organizations accelerate their digital transformational strategies by driving great. Founded in 1980, headquartered in San Leandro, California. AVEVA & OSIsoft combine to accelerate the digital transformation of the industrial world. In particular, OSIsoft brings a large footprint in power that will help balance AVEVA’s overweighting in oil & gas. Part of the company has a very healthy 30 % + EBITDA.. 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