Aveva buys OSIsoft for $5 billion Softbank cashes out


UK based software company Aveva, majority-owned by French automation specialist Schneider Electric, struck a merger deal to acquire OSIsoft, the U.S.-based data management company for $5 billion.

Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft.

The deal “strengthens our position as a global leader in engineering and industrial software,” Aveva said in a statement. Both companies now sell operational data software and services to create greater automation.

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The Aveva and OSIsoft deal is complementary in terms of business and specialization. 

The market agrees. Aveva shares jumped 6% on the news of the purchase and continue up to a 7.25% increase at market close. This makes the merged conglomeration worth roughly $10 billion.


With a headquarters in Cambridge, England, tech company Aveva is a pioneer in computer-aided design. 

Aveva helps companies in the design of industrial machinery. They manage complex supply chains through state-of-the-art industrial software.