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AVEVA Group

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AVV

GB00BBG9VN75

Aveva Group to Sell Three Businesses to Schneider Electric for GBP2.6 Million

May 12, 2021 at 12:39 am EDT

By Anthony O. Goriainoff

Aveva Group PLC said Wednesday that it has entered into a 2.6 million pounds ($3.7 million) sales agreement with Schneider Electric for three of its businesses.

The FTSE 100 provider of engineering and industrial software said that it will sell its Acquis Software, Termis Software and Water Loss Management Software businesses, and that completion of the transaction is expected in, or around, July.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

05-12-21 0239ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES INDUSTRIAL	37,963 PTS	+0.50%	+0.26%	-
FTSE 100	7,895 PTS	+0.23%	-1.32%	-
SCHNEIDER ELECTRIC SE	209 EUR	-2.97%	-0.21%	128B

Latest news about AVEVA Group

McDermott, AVEVA and Aras Sign Lighthouse Agreement to Enhance Digital Efficiency	23-10-30	CI
AVEVA Announces Board Appointments	23-09-20	CI
Aveva Announces CEO Changes	23-03-02	CI
Aveva Delists from London Following Schneider Takeover	23-01-19	MT
Aveva to Delist as Schneider Electric's Court-approved Bid Takes Effect	23-01-18	MT
Schneider Electric completes Aveva takeover	23-01-18	AN
AVEVA Group plc(LSE:AVV) dropped from FTSE techMARK All-Share Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 350 Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 350 (Ex Investment Companies) Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE All-Share Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE 100 Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from FTSE All-World Index	23-01-18	CI
AVEVA Group plc(LSE:AVV) dropped from S&P Global BMI Index	23-01-18	CI
Schneider Electric S.E. (ENXTPA:SU) completed the acquisition of 40.86% stake in AVEVA Group plc from from J. Patrick Kennedy and others.	23-01-17	CI
Aveva shares suspended on Wednesday amid Schneider deal	23-01-16	AN
Upbeat Sentiment, Inflation Hopes Extend French Stocks Rally	23-01-16	MT
Aveva Group Nears London Delisting as Schneider Electric Bid Gets Court Approval	23-01-16	MT
Bernstein Lowers Aveva to Market-perform from Outperform, Hikes PT	23-01-04	MT
Bernstein cuts Aveva to 'market-perform'	23-01-04	AN
Bright start to 2023 for FTSE 100 set to continue	23-01-04	AN
AVEVA Group plc Announces Resignation Ayesha Khanna, an Independent Non-Executive Director, Effective December 31, 2022	22-12-22	CI
LONDON MARKET CLOSE: Stocks down in anticipation of FOMC decision	22-12-14	AN
Stocks Slip in Paris as Rate Jitters Replace Inflation Rally	22-12-14	MT
Schneider Electric's Aveva Group Bid Clears Regulatory Hurdles; Closing Expected in Mid-January 2023	22-12-14	MT
CORRECT: Aveva takeover by Schneider Electric clears conditions	22-12-14	AN

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Company Profile

AVEVA Group plc specializes in the development and publishing of engineering software for use in the oil and gas, chemical and pharmaceutical, shipbuilding, and electricity production industries. Net sales break down by activity as follows: - rental of software and sale of subscriptions (35.8%); - support and maintenance services (29.1%); - sale of licenses (24.7%); - other (10.4%). Net sales are distributed geographically as follows: Europe/Middle East/Africa (38.7%), Americas (39.4%) and Asia/Pacific (21.9%).

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