Schneider to Join Its Software Assets with Aveva
8/25/2015 11:00:00 AM
Recently published by Automation World
, is an article discussing Schneide joining its software assets with Aveva.
The British engineering software company Aveva
acquired select industrial software assets from France’s Schneider Electric, which will give it more access to other industrial sectors; pharmaceuticals, food and beverage, mining, water/wastewater and chemicals. Currently the oil and gas industry accounts for about 45% of Aveva’s revenue. The venture would also give Aveva considerably more access to the American market.
"In a reverse takeover of the British engineering software company, Schneider Electric will regroup the industrial software assets that made up much of its Invensys acquisition two years ago into a larger industry proposition." By Aaron Hand, Executive Editor, Automation World
Clickto read the full article on Automation World.