Engineering company combines with industrial software business

AVEVA and Schneider Electric’s industrial software business have combined to create an engineering and industrial software company designed to serve a variety of industries across the globe.

By AVEVA March 6, 2018

AVEVA, a design and engineering firm, announced it has combined with Schneider Electric’s industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries. 

“88% of leaders in capital-intensive industries say that digitalization would increase their revenues," said Craig Hayman, chief executive officer at AVEVA. “Yet less than half of these companies are actually in the process of adopting a digital strategy. This represents an incredible opportunity for AVEVA to be our customer’s digital transformation partner.” 

“Digitalization demands a fundamental rethink of the way organizations operate. They need to be confident that their technology investment will deliver a high return on capital and can lower the total cost of asset ownership. AVEVA’s combination of proven solutions, industry-specific knowledge and a global partner ecosystem will drive innovation across capital-intensive industries, as companies plan their digital transformation journey," Hayman added. 

The combination brings AVEVA together with Schneider Electric’s industrial software business, which ranges from simulation through to real-time manufacturing operations management. It creates a global leader in engineering and industrial software, expanding the markets and industries the company serves.  

AVEVA has over 4,400 people across 80 locations in over 40 countries. Its global headquarters is in Cambridge, UK. The industries they serve includes chemical; food and beverage; infrastructure and smart cities; life sciences; mining, minerals and metals; oil & gas (upstream, mid-stream and downstream); power and utilities; and water & wastewater.

AVEVA

www.aveva.com 

Schneider Electric

www.schneider-electric.com 

– Edited from an AVEVA press release by CFE Media. See more Control Engineering PLM and control design stories.

Original content can be found at Oil and Gas Engineering.


Author Bio: AVEVA, a global leader in industrial software, drives digital transformation for industrial organizations managing complex operational processes. Through Performance Intelligence, AVEVA connects the power of information and artificial intelligence (AI) with human insight, to enable faster and more precise decision making, helping industries to boost operational delivery and sustainability. Our cloud-enabled operational data management, combined with software that spans design, engineering and operations, asset performance, monitoring and control solutions delivers proven business value and outcomes to over 20,000 customers worldwide, supported by the largest industrial software ecosystem, including 5,500 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 6,000 employees at 90 locations in more than 40 countries.