“With that, it will be much easier to further interface all the software that’s done by the combination of AVEVA and OSIsoft and there’s going to be plenty of more data. . AVEVA’s Proposed Acquisition of OSIsoft AVEVA and OSIsoft to Accelerate the Digital Transformation of the Industrial World 25 August 2020 Craig Hayman, CEO 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. Philip Aiken: “Coming as a customer from the oil & gas and mining industry there has been incredible growth over the last few years of more and more data being available to run operations," Aiken explained. There will be a lot more software generated to automatically spin up things like intelligent forklift, historian or whatever.”. “Customers are driving for bigger and bigger scope. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is in turn 60% held indirectly by Schneider Electric. The acquisition will add scale, support industry diversification and accelerate digitalization. This acquisition will send shockwaves through the industrial software market. There are a lot of synergies and potential for OSIsoft to continue its growth with AVEVA. . AVEVA Group PLC, 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. Peter Herweck: “I am a fan of decoupling hardware and software because I believe for many years software will rule the world and automation and digitization," Herweck said. 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. 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. [email protected], AVEVA Group plc Aveva agreed a £250m credit facility with its banks and a $900m term loan from Scheider in August to help fund the OSIsoft acquisition. 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. Craig Hayman: “The industrial sector as compared to other industries has very low amounts of digital technology deployed as compared to other areas such as retail or financial services." AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. Madingley Road AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. So why do this? . . 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. 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. 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. 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.. 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 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. 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