Schneider: confirms binding offer for Aveva
(CercleFinance.com) - Schneider Electric confirms that it has made a binding offer for Aveva shares.
The offer price is 3,100 pence per share in cash. The group is committed to maintaining Aveva's operational autonomy and technology agnosticity through appropriate governance and remuneration policies.
The acquisition values Aveva's entire issued (and to be issued) share capital at about £9,482 million on a fully diluted basis, equivalent to an enterprise value of £10,154 million.
In H1 2022, Aveva accounted for approximately 60% of Schneider Electric's software agnostic business. In H1 2022, the energy management software business represented approximately 40% of Schneider Electric's agnostic software business.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The offer price is 3,100 pence per share in cash. The group is committed to maintaining Aveva's operational autonomy and technology agnosticity through appropriate governance and remuneration policies.
The acquisition values Aveva's entire issued (and to be issued) share capital at about £9,482 million on a fully diluted basis, equivalent to an enterprise value of £10,154 million.
In H1 2022, Aveva accounted for approximately 60% of Schneider Electric's software agnostic business. In H1 2022, the energy management software business represented approximately 40% of Schneider Electric's agnostic software business.
Copyright (c) 2022 CercleFinance.com. All rights reserved.