Schneider Electric confirms considering an Aveva takeover bid











Photo credit © Schneider


(Boursier.com) — Schneider-Electric seeks to afford full control of Aveva Group. Reacting quickly to information from ‘Bloomberg’, Schneider confirms that he is considering a possible offer for the 41% stake in the British supplier of industrial software that he does not yet hold. The firm has not yet formulated an offer and is not certain to do so. She has until September 21 to announce her intentions, according to British regulations.

“Whatever the outcome of the planned takeover, Schneider Electric, as the majority shareholder, remains committed to the success of the Aveva Group, and attached to its agnostic and autonomous model and to its employees. Schneider Electric is convinced that the integration of Aveva with the software activities of Schneider Electric will strengthen the Company and allow it to accelerate the execution of its growth strategy.


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