Schneider Electric completes full acquisition of AVEVA

AVEVA, a global industrial software provider said it has been wholly acquired by Schneider Electric, an industrial company with a valuation of $12.3 billion (£10bn).

The acquisition gives AVEVA and Schneider Electric a holistic approach to digital transformation across a customer’s operations. This will drive improvements through a reduction in energy carbon and resource intensity, accelerating customer journeys of efficiency and sustainability.