A few of you have written to ask why the approval of a US government agency called CFIUS held up the AVEVA/Schneider merger, and to ask why a US government body even cared about the combination of a UK-listed company and a Paris-listed company. Great questions;...
Finally, finally: AVEVA announced today that at 8AM UK time on March 1, 2018 it more than doubled in size with the addition of Schneider Electric’s software people and products. Ex-PTCer Craig Hayman, as expected, took over as CEO last week and had this to say...
I spent the last week with AVEVA at its North American user conference. I haven’t attended one of these in years, mostly going to the international Summit events (here, here … search the site for more). The Summit is strategic; it’s about IT and economic trends,...
Small world. AVEVA today announced that PTC’s Craig Hayman will become CEO of the entity that will be created once the merger of AVEVA and Schneider Electric’s software business has completed. Mr. Hayman starts on February 19, so the close seems imminent....
Goodness, but the AEC world is just crazy newsy right now. Two quick things: AVEVA announced yesterday that the first 9 months of its 2018 fiscal year were better than forecast due to improved execution, stabilizing end-markets and the signing of a...
AVEVA just announced that it’s waiting on one last regulatory approval, from the US Committee on Foreign Investments (CFIUS), before the close if its merger with Schneider Electric’s software business. According to the press release, “AVEVA and...
Super-quick, as I’m at Autodesk University: AVEVA reported today that revenue for the six months ended September 30 was £94 million, up 11% as reported and up 6% in constant currencies — a “much-improved performance” in the first half of its...
Q: What does it take to become a digital business? A1: It’s easy-peasy if you’re a newish company, with a digitally savvy workforce. Make some apps, roll them out to people who are used to doing everything on a tiny screen. Collect lots of data, quickly...
Over 99% of AVEVA shares voted in favor of the combination with Schneider Electric’s Software Business, the entity that includes SimSci, WonderWare and other software assets of Schneider Electric SE. According to the plan outlined earlier this month, that leaves...
A couple of people have gotten in touch about yesterday’s post, where I asked whether third time’s the charm for an AVEVA/Schneider Electric software deal. It’s important to note that: The only thing that could derail this combination now is if...
