Engineering company combines with industrial software business
AVEVA, a design and engineering firm, announced it has combined with Schneider Electric’s industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries.
“88% of leaders in capital-intensive industries say that digitalization would increase their revenues," said Craig Hayman, chief executive officer at AVEVA. “Yet less than half of these companies are actually in the process of adopting a digital strategy. This represents an incredible opportunity for AVEVA to be our customer’s digital transformation partner.”
“Digitalization demands a fundamental rethink of the way organizations operate. They need to be confident that their technology investment will deliver a high return on capital and can lower the total cost of asset ownership. AVEVA’s combination of proven solutions, industry-specific knowledge and a global partner ecosystem will drive innovation across capital-intensive industries, as companies plan their digital transformation journey," Hayman added.
The combination brings AVEVA together with Schneider Electric’s industrial software business, which ranges from simulation through to real-time manufacturing operations management. It creates a global leader in engineering and industrial software, expanding the markets and industries the company serves.
AVEVA has over 4,400 people across 80 locations in over 40 countries. Its global headquarters is in Cambridge, UK. The industries they serve includes chemical; food and beverage; infrastructure and smart cities; life sciences; mining, minerals and metals; oil & gas (upstream, mid-stream and downstream); power and utilities; and water & wastewater.
– Edited from an AVEVA press release by CFE Media. See more Control Engineering PLM and control design stories.