On November 17, 2022, AVEVA Group Plc announced that it has reached agreement with Schneider Electric and Bidco on the terms of an increased and final recommended cash offer by which the entire issued and to be issued share capital of the Company excluding shares held by Samos, an indirect wholly owned subsidiary of Schneider Electric will be acquired by Bidco. In addition, the Company stated that it has adjourned the court meeting and general meeting and will be held on November 25, 2022.