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schneider aveva osisoft

schneider aveva osisoft

OSISoft and AVEVA: Could this be the defining deal of the IIoT Era? The deal is expected to close around the end of the calendar year. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Your email address will not be published. Aveva’s last major deal was three years ago when France’s Schneider Electric took a 60% stake in the company. Team Publishing Ltd © Monica Schnitger 2008-2021 | All Rights Reserved | www.schnitgercorp.com | Connect, Autodesk's Q2 revenue up 15%, comes out swinging on AEC. Their combined solution set will “optimise engineering, operations and performance, with unprecedented efficiency and value as a result of the integration of both businesses”. The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement as Chairman Emeritus and shareholder.”, The Electric Mine Virtual Conference 2020 Papers, The Truck n Shovel 2019 Conference Papers, Trevali Mining has enlisted the help of Redpath Mining to restart its Caribou zinc-lead underground mine near Bathu…. That cash will come from a rights issue of $3.5 billion and $0.9 billion of cash on balance sheet and new debt facilities. OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Aveva shares were up 6.7% in early trading Tuesday. Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. The acquisition has compelling strategic rationale with strong operational and financial benefits. Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening AVEVA's position as a global leader in industrial software. “OSIsoft’s PI System is a very scalable and robust enterprise level data historian platform, which will be a key enabler of a number of AVEVA solutions, in particular enhancing the Digital Twin, HMI/SCADA, Manufacturing Execution System and Asset Performance, with more inputs and connectivity to feed AI-infused and cloud-based solutions; AVEVA’s and OSIsoft’s solutions will combine to create a leading Industrial Internet of Things (IIoT) portfolio, which will continue to be platform and hardware agnostic, meaning that it will be able to communicate with diverse devices using different operating systems; the combined solution set will optimise engineering, operations and performance, with unprecedented efficiency and value as a result of the integration of both businesses; and, AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment.”. Finally, of course, there’s AVEVA’s global scale and Schneider Electic connections: “AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment”. “Furthermore, as businesses deploy increasing levels of sensor-enabled equipment, more assets are streaming more data, increasing the need for and value derived from the PI System. To be fair, Cambridge-based Aveva, which started life as a government-funded research institute, is more a French hybrid than UK business following a £3bn reverse takeover by Schneider Electric in 2017. AVEVA is in turn 60% held indirectly by Schneider Electric. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft. AVEVA believes that the acquisition will be accretive to earnings in AVEVA’s fiscal 2022, ending 31 March 2022. Therefore, this made offering OSIsoft’s owners stock in the new company less likely than a capital increase, where Schneider could buy new shares. The acquisition will enable AVEVA to broaden and deepen its relationships with existing and new customers and bring a more comprehensive product portfolio to market.”, Peter Herweck, Vice Chairman of AVEVA and Executive Vice President, Industrial Automation, Schneider Electric, said: “The combination of AVEVA and OSIsoft will accelerate our AVEVA partnership with significant customer value across process and hybrid automation industries plus the building and infrastructure sectors. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion. Berkhamsted, Hertfordshire Schneider Electric is committed to supporting customers with digital solutions for efficiency and sustainability.”. More after the press conference later today. Even if OSIsoft continues to be an open platform, the sales teams would be challenged by AVEVA and Schneider Electric sales with their competitive advantage as "owners" of the core data platform. AVEVA says it’s in talks to acquire OSIsoft. The acquisition will strengthen AVEVA’s position as a global leader in industrial software, whilst a combination of the complementary product offerings of AVEVA and OSIsoft is expected to allow the Enlarged Group to accelerate growth and continue to generate significant shareholder value.”, Craig Hayman, Chief Executive of AVEVA, said: “The acquisition of OSIsoft is perfectly in line with our strategic vision and it will accelerate the Enlarged Group’s role in the digitisation of the industrial world, which is being driven by a need for sustainability, the industrial internet of things, Cloud, data visualisation and artificial intelligence. Craig Hayman, Chief Executive of AVEVA, said: “The acquisition of OSIsoft is perfectly in line with our strategic vision and it will accelerate the Enlarged Group’s role in the digitisation of the industrial world, which is being driven by a need for sustainability, the industrial internet of things, Cloud, data visualisation and artificial intelligence. Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft. Lazard advised Aveva. Fax: +44 (0) 1442 870 617 AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. The acquisition will strengthen AVEVA’s position as a global leader in industrial software, whilst a combination of the complementary product offerings of AVEVA and OSIsoft is expected to allow the Enlarged Group to accelerate growth and continue to generate significant shareholder value.”. AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world. The statement added: “Through OSIsoft’s PI System, customers draw insights, make better decisions, optimise operations, and drive digital transformation.” Notably it works with all of the Global Fortune Top 10 metals and mining companies. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Learn how your comment data is processed. OSIsoft’s PI System is used by its customers across 14,000 sites in 127 countries. In addition, antitrust and other regulatory approvals must be sought. I am not sure what a rights issue is and how that creates cash separately from a share issue — will update once I know more about this. Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft. Peter Herweck, Vice Chairman of AVEVA and Executive Vice President, Industrial Automation, Schneider Electric, said: “The combination of AVEVA and OSIsoft will accelerate our AVEVA partnership with significant customer value across process and hybrid automation industries plus the building and infrastructure sectors. British industrial software publisher Aveva, subsidiary of the French group Schneider Electric, announced on Tuesday that it had reached an agreement to buy its American competitor OSIsoft for 5 billion dollars. Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. all of the Global Fortune Top 10 metals and mining companies. OSIsoft is headquartered in California, USA, and has approximately 1,400 employees. Finally, of course, there’s AVEVA’s global scale and Schneider Electic connections: “AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment”. AVEVA is in turn 60% held indirectly by Schneider Electric. Craig Hayman, AVEVA’s CEO, today dropped the bombshell news on the industrial software market that his firm – with the backing of its majority shareholder Schneider Electric – has acquired OSIsoft for a cool $5 billion.Since its founding in 1980, OSIsoft had been majority-owned by its original founder Dr Patrick Kennedy. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Schneider Electric, a French industrial company, owns 60% of AVEVA and is unlikely to want to dilute its stake, since software is a key leg of its growth strategy. Aveva combined with Schneider’s industrial software arm in 2018. Because you’ll ask, AVEVA shared this about OSIsoft’s revenue: revenue grew at a compound annual growth rate of around 10% from 2009-2019, and “this strong growth continued this year as the imperative for digital transformation has continued through the COVID-19 crisis, with year over year revenue growth of 10.0% in the six months ended 30 June 2020. Dr J. Patrick Kennedy, Founder and Chief Executive of OSIsoft, said: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Commenting on the acquisition, Philip Aiken, Chairman of AVEVA, said: “I am delighted that we have reached agreement to acquire OSIsoft. It is going to be extremely interesting to monitor the evolution of the different strategic alliances and how their impact will be perceived across the different industries. 2 Claridge Court, Lower Kings Road Completion is expected to occur around the end of the year. The valuation of OSIsoft, although “expensive” and prompting Schneider to suspend its share buyback, however offers a “strong industrial logic”, according to analysts at Jefferies. As I said when this first hit the news, this makes a lot of sense for AVEVA and Schneider Electric. I had thought the deal would go for something like $4 billion — OSI Soft is clearly a better negotiator than I had thought. Furthermore, as businesses deploy increasing levels of sensor-enabled equipment, more assets are streaming more data, increasing the need for and value derived from the PI System. Its PI System is the system of record for customers for data, capture, storage, analysis and sharing of real-time industrial sensor-based data across all operations, enabling. OSI will be integrated as a business unit within the combined group (so not with Schneider Electric). AVEVA’s industrial software is a key element of Schneider Electric’s IoT-enabled architecture, EcoStruxure which will be further enhanced by OSIsoft’s PI System and its support for open infrastructure. Its PI System is the system of record for customers for data capture, storage, analysis and sharing of real-time industrial sensor-based data across all operations, enabling customers to connect disparate sources of time-series data in an efficient and cost-effective manner. Lots more detail to come but here’s what we know now: So why do this? AVEVA is in turn 60% held indirectly by Schneider Electric. OSIsoft’s PI System is used by its customers across 14,000 sites in 127 countries. AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. For those keeping score, this represents a 10x-ish revenue multiple. The acquisition is expected to close in late 2020 or early 2021. AVEVA, the industrial software company, announced on August 25, 2020, its intention to acquire OSIsoft from Dr. J. Patrick Kennedy and OSIsoft investors, including SoftBank, for $5 billion. Email: [email protected] or [email protected], McLanahan brings Indonesian coal mining customer tailored reliability with Hägglunds drive solutions, Trevali Mining and Redpath plot Caribou zinc-lead mine restart plan, FLSmidth negotiating to buy thyssenkrupp’s mining business. The acquisition will enable AVEVA to broaden and deepen its relationships with existing and new customers and bring a more comprehensive product portfolio to market.”. customers to connect disparate sources of time-series data in an efficient and cost-effective manner. Together we will be better able to service the largest digital transformation projects in history, including across industry 4.0+ and IIoT. Strengthens our position as a global leader in engineering and industrial software arm in 2018 support new enhancements and volume! That the acquisition is expected to close in late 2020 or early.... Time-Series data in an open infrastructure to support best-of-breed ecosystems in cash PI System is used by customers. Remember how aveva said Schneider Electric ) s largest software group, after agreeing the! Break the “ winners ’ curse ” with a $ 5bn acquisition of OSIsoft! 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schneider aveva osisoft
OSISoft and AVEVA: Could this be the defining deal of the IIoT Era? The deal is expected to close around the end of the calendar year. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Your email address will not be published. Aveva’s last major deal was three years ago when France’s Schneider Electric took a 60% stake in the company. Team Publishing Ltd © Monica Schnitger 2008-2021 | All Rights Reserved | www.schnitgercorp.com | Connect, Autodesk's Q2 revenue up 15%, comes out swinging on AEC. Their combined solution set will “optimise engineering, operations and performance, with unprecedented efficiency and value as a result of the integration of both businesses”. The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement as Chairman Emeritus and shareholder.”, The Electric Mine Virtual Conference 2020 Papers, The Truck n Shovel 2019 Conference Papers, Trevali Mining has enlisted the help of Redpath Mining to restart its Caribou zinc-lead underground mine near Bathu…. That cash will come from a rights issue of $3.5 billion and $0.9 billion of cash on balance sheet and new debt facilities. OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Aveva shares were up 6.7% in early trading Tuesday. Aveva said Schneider Electric has committed to vote in favour of the OSIsoft deal and take part in the rights issue. The acquisition has compelling strategic rationale with strong operational and financial benefits. Together, AVEVA and OSIsoft can provide full-stack solutions that span edge, plant, and enterprise deployment models, strengthening AVEVA's position as a global leader in industrial software. “OSIsoft’s PI System is a very scalable and robust enterprise level data historian platform, which will be a key enabler of a number of AVEVA solutions, in particular enhancing the Digital Twin, HMI/SCADA, Manufacturing Execution System and Asset Performance, with more inputs and connectivity to feed AI-infused and cloud-based solutions; AVEVA’s and OSIsoft’s solutions will combine to create a leading Industrial Internet of Things (IIoT) portfolio, which will continue to be platform and hardware agnostic, meaning that it will be able to communicate with diverse devices using different operating systems; the combined solution set will optimise engineering, operations and performance, with unprecedented efficiency and value as a result of the integration of both businesses; and, AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment.”. Finally, of course, there’s AVEVA’s global scale and Schneider Electic connections: “AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment”. “Furthermore, as businesses deploy increasing levels of sensor-enabled equipment, more assets are streaming more data, increasing the need for and value derived from the PI System. To be fair, Cambridge-based Aveva, which started life as a government-funded research institute, is more a French hybrid than UK business following a £3bn reverse takeover by Schneider Electric in 2017. AVEVA is in turn 60% held indirectly by Schneider Electric. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft. AVEVA believes that the acquisition will be accretive to earnings in AVEVA’s fiscal 2022, ending 31 March 2022. Therefore, this made offering OSIsoft’s owners stock in the new company less likely than a capital increase, where Schneider could buy new shares. The acquisition will enable AVEVA to broaden and deepen its relationships with existing and new customers and bring a more comprehensive product portfolio to market.”, Peter Herweck, Vice Chairman of AVEVA and Executive Vice President, Industrial Automation, Schneider Electric, said: “The combination of AVEVA and OSIsoft will accelerate our AVEVA partnership with significant customer value across process and hybrid automation industries plus the building and infrastructure sectors. AVEVA Group PLC, a global leader in industrial software, announces that it has reached agreement on the terms of an acquisition of OSIsoft, at an enterprise value of $5.0 billion. Berkhamsted, Hertfordshire Schneider Electric is committed to supporting customers with digital solutions for efficiency and sustainability.”. More after the press conference later today. Even if OSIsoft continues to be an open platform, the sales teams would be challenged by AVEVA and Schneider Electric sales with their competitive advantage as "owners" of the core data platform. AVEVA says it’s in talks to acquire OSIsoft. The acquisition will strengthen AVEVA’s position as a global leader in industrial software, whilst a combination of the complementary product offerings of AVEVA and OSIsoft is expected to allow the Enlarged Group to accelerate growth and continue to generate significant shareholder value.”, Craig Hayman, Chief Executive of AVEVA, said: “The acquisition of OSIsoft is perfectly in line with our strategic vision and it will accelerate the Enlarged Group’s role in the digitisation of the industrial world, which is being driven by a need for sustainability, the industrial internet of things, Cloud, data visualisation and artificial intelligence. Craig Hayman, Chief Executive of AVEVA, said: “The acquisition of OSIsoft is perfectly in line with our strategic vision and it will accelerate the Enlarged Group’s role in the digitisation of the industrial world, which is being driven by a need for sustainability, the industrial internet of things, Cloud, data visualisation and artificial intelligence. Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft. Lazard advised Aveva. Fax: +44 (0) 1442 870 617 AVEVA Group Plc, the British industrial software firm, has agreed to buy OSIsoft in a deal that gives the California-based company an enterprise value of $5 billion. The acquisition will strengthen AVEVA’s position as a global leader in industrial software, whilst a combination of the complementary product offerings of AVEVA and OSIsoft is expected to allow the Enlarged Group to accelerate growth and continue to generate significant shareholder value.”. AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world. The statement added: “Through OSIsoft’s PI System, customers draw insights, make better decisions, optimise operations, and drive digital transformation.” Notably it works with all of the Global Fortune Top 10 metals and mining companies. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Learn how your comment data is processed. OSIsoft’s PI System is used by its customers across 14,000 sites in 127 countries. In addition, antitrust and other regulatory approvals must be sought. I am not sure what a rights issue is and how that creates cash separately from a share issue — will update once I know more about this. Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft. Peter Herweck, Vice Chairman of AVEVA and Executive Vice President, Industrial Automation, Schneider Electric, said: “The combination of AVEVA and OSIsoft will accelerate our AVEVA partnership with significant customer value across process and hybrid automation industries plus the building and infrastructure sectors. British industrial software publisher Aveva, subsidiary of the French group Schneider Electric, announced on Tuesday that it had reached an agreement to buy its American competitor OSIsoft for 5 billion dollars. Appears they were successful: AVEVA just announced that it has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Aveva on Tuesday said it was "capitalising on the technological megatrends that are driving digital transformation of the industrial world. all of the Global Fortune Top 10 metals and mining companies. OSIsoft is headquartered in California, USA, and has approximately 1,400 employees. Finally, of course, there’s AVEVA’s global scale and Schneider Electic connections: “AVEVA will be able to accelerate the market adoption and expansion of OSIsoft Cloud Services (OCS) and other cloud-based offerings, which recently entered into an early adopter program and provide OSIsoft’s industry leading data management capability in a native cloud environment”. AVEVA is in turn 60% held indirectly by Schneider Electric. Craig Hayman, AVEVA’s CEO, today dropped the bombshell news on the industrial software market that his firm – with the backing of its majority shareholder Schneider Electric – has acquired OSIsoft for a cool $5 billion.Since its founding in 1980, OSIsoft had been majority-owned by its original founder Dr Patrick Kennedy. Founded in 1980 by Dr J. Patrick Kennedy, OSIsoft is a global leader in real-time industrial data software and services. Schneider Electric, a French industrial company, owns 60% of AVEVA and is unlikely to want to dilute its stake, since software is a key leg of its growth strategy. Aveva combined with Schneider’s industrial software arm in 2018. Because you’ll ask, AVEVA shared this about OSIsoft’s revenue: revenue grew at a compound annual growth rate of around 10% from 2009-2019, and “this strong growth continued this year as the imperative for digital transformation has continued through the COVID-19 crisis, with year over year revenue growth of 10.0% in the six months ended 30 June 2020. Dr J. Patrick Kennedy, Founder and Chief Executive of OSIsoft, said: “Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners and employees. Commenting on the acquisition, Philip Aiken, Chairman of AVEVA, said: “I am delighted that we have reached agreement to acquire OSIsoft. It is going to be extremely interesting to monitor the evolution of the different strategic alliances and how their impact will be perceived across the different industries. 2 Claridge Court, Lower Kings Road Completion is expected to occur around the end of the year. The valuation of OSIsoft, although “expensive” and prompting Schneider to suspend its share buyback, however offers a “strong industrial logic”, according to analysts at Jefferies. As I said when this first hit the news, this makes a lot of sense for AVEVA and Schneider Electric. I had thought the deal would go for something like $4 billion — OSI Soft is clearly a better negotiator than I had thought. Furthermore, as businesses deploy increasing levels of sensor-enabled equipment, more assets are streaming more data, increasing the need for and value derived from the PI System. Its PI System is the system of record for customers for data, capture, storage, analysis and sharing of real-time industrial sensor-based data across all operations, enabling. OSI will be integrated as a business unit within the combined group (so not with Schneider Electric). AVEVA’s industrial software is a key element of Schneider Electric’s IoT-enabled architecture, EcoStruxure which will be further enhanced by OSIsoft’s PI System and its support for open infrastructure. Its PI System is the system of record for customers for data capture, storage, analysis and sharing of real-time industrial sensor-based data across all operations, enabling customers to connect disparate sources of time-series data in an efficient and cost-effective manner. Lots more detail to come but here’s what we know now: So why do this? AVEVA is in turn 60% held indirectly by Schneider Electric. OSIsoft’s PI System is used by its customers across 14,000 sites in 127 countries. AVEVA, a global leader in industrial software, and OSIsoft, a global leader in real-time industrial data software and services, have announced an agreement for AVEVA to acquire OSIsoft for $5.0 billion. For those keeping score, this represents a 10x-ish revenue multiple. The acquisition is expected to close in late 2020 or early 2021. AVEVA, the industrial software company, announced on August 25, 2020, its intention to acquire OSIsoft from Dr. J. Patrick Kennedy and OSIsoft investors, including SoftBank, for $5 billion. Email: [email protected] or [email protected], McLanahan brings Indonesian coal mining customer tailored reliability with Hägglunds drive solutions, Trevali Mining and Redpath plot Caribou zinc-lead mine restart plan, FLSmidth negotiating to buy thyssenkrupp’s mining business. 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