Quickie: AVEVA+Schneider=DONE

Quickie: AVEVA+Schneider=DONE

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...
Quickie: AVEVA + Schneider closing delayed

Quickie: AVEVA + Schneider closing delayed

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...
Quickie: AVEVA + Schneider closing delayed

Super quickie: AVEVA shareholders approve Schneider deal

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...
Quickie: AVEVA+Schneider=DONE

Quick add to AVEVA + Schneider

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...
Quickie: AVEVA + Schneider closing delayed

Here we go again: AVEVA + Schneider

While many of us Yanks were off celebrating the unofficial end of summer, the British and French were apparently hard at work. The Financial Times and other media report that AVEVA and Schneider Electric are about to announce yet another attempt at a merger...
Quickie: AVEVA + Schneider closing delayed

Here we go again: AVEVA+Schneider?

A couple of UK media outlets reported yesterday that Schneider Electric is considering once again making an offer for AVEVA. This is one such report, repeating what was in a Sunday Times (paywall) article. As before, such a deal would make a lot of sense: Schneider...
Quickie: AVEVA + Schneider closing delayed

AVEVA + Schneider a no-go

In a very brief statement even by UK standards AVEVA just said, “Following the termination of the preliminary discussions between AVEVA Group Plc (“AVEVA”) and Schneider Electric SE, AVEVA has applied to the UKLA for the suspension of its shares to...
Quickie: AVEVA + Schneider closing delayed

Deal and … maybe deal

What happens when I spend the day on a plane? News! Briefly, AVEVA and Schneider Electric have resumed their tango. AVEVA today addressed press speculation by issuing an announcement that it was again in talks with Schneider Electric about a deal that would combine...
Quickie: AVEVA + Schneider closing delayed

AVEVA and Schneider break up

Word just came that AVEVA and Schneider Electric have decided to break off talks to merge/acquire one another’s software businesses. No real reason was given, just “unable to reach agreement and discussions have been terminated by mutual consent”....