Acquirer: Schneider Electric SE (France)
Acquired: Aveva Group plc (UK)
Value: £1.7 billion
Industry Tags: Software; Technology Services; Industrial Products and Services
On March 1, 2018, the AVEVA Group plc announced the completion of its merger with the industrial software business of Schneider Electric. (Aveva Group Press Release, AVEVA completes transformational combination as a new software leader is born, Mar. 1, 2018.) The Aveva Group announced on February 12, 2018, that “the review by the Committee on Foreign Investments in the United States (CFIUS) has now concluded and clearance has now been received for the proposed Combination of AVEVA and the Schneider Electric Software Business.” (Aveva Group plc, Supplementary Prospectus for Proposed Combination with the Schneider Electric Software Business, Feb. 16, 2018.)
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