(Boursier.com) — Schneider-Electric would seek to acquire full control of Aveva Group. The French company, which already owns around 60% of the multinational information technology consultancy, is said to be considering buying out the stake it does not yet hold as the British firm has lost almost half of its value over the course of the year. of the last 12 months. According to ‘Bloomberg’, citing people familiar with the matter, while the fall in Aveva’s share price has made the long-planned deal more attractive, there is no certainty that Schneider will decide to make an offer.
Schneider took control of Aveva after agreeing in 2017 to combine its own industrial software business with the British company. Aveva has since gone from strength to strength through various acquisitions, including SoftBank-backed industrial software maker Osisoft in 2020 at a valuation of $5 billion including debt.
Logically sought after this announcement, Aveva flies more than 20% in London and now weighs nearly 8 billion pounds.
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