View source for Aveva

{{Short description|Software company in United Kingdom}}
{{Distinguish|Aviva}}
{{Use British English|date=June 2012}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
| name = AVEVA Group plc
| logo = Aveva logo.svg
| type = [[Subsidiary]]
| traded_as = {{LSE|AVV}} (1996–2023)
| foundation = {{start date and age|1967}} in Cambridge, UK
| location = [[Cambridge]], England, UK
| area_served = Worldwide
| key_people = {{ubl|{{wd-chairperson}}|{{wd-ceo}}}}
| industry = Information Technology <br/> [[Technology consulting]] <br/> [[3D Computer Aided Design|CAD]]/[[Computer-aided manufacturing|CAM]] [[Computer software|Software]] <br/> [[Enterprise asset management|Enterprise Asset Management]] <br/> [[Manufacturing execution system|Manufacturing Execution System]] <br/> [[Enterprise Life Cycle|Enterprise Solutions]]
| products =
| revenue = {{Increase}} [[pound sterling|£]]1,185.3&nbsp;million (2022)<ref name="results">{{Cite web |title=2022 Full Year Results |url=https://investors.aveva.com/media/yaqfsyod/aveva-fy22-results-rns.pdf |access-date=8 June 2022 |publisher=Aveva}}</ref>
| operating_income = {{Decrease}} [[Pound sterling|£]](6.5)&nbsp;million (2022)<ref name=results/>
| net_income = {{Decrease}} [[Pound sterling|£]](62.6)&nbsp;million (2022)<ref name=results/>
| assets = {{Increase}} [[Pound sterling|£]]6,670.5&nbsp;million (2022)<ref name=results/>
| equity = {{nowrap|{{Increase}} [[Pound sterling|£]]5,209.2&nbsp;million (2022)<ref name=results/>}}
| num_employees = 6,500 (2022)<ref name=results/>
| parent = [[Schneider Electric]] (2023–present)
| homepage = {{URL|https://aveva.com}}
}}
'''AVEVA Group plc''' is a British [[Multinational Corporation|multinational]] information technology consulting company headquartered in [[Cambridge]], England. The company started as the ''Computer-Aided Design Centre'' (or ''CADCentre'') which was created in Cambridge in 1967 by the UK [[Ministry of Technology]] and [[Cambridge University]].<ref>{{cite book|first1=Jami J. |last1=Shah|first2=Martti |last2=Mäntylä |author-link=Jami Shah |title=Parametric and Feature-Based CAD/CAM: Concepts, Techniques, and Applications |year=1995|publisher=Wiley|isbn=978-0-471-00214-7}}</ref>
It was listed on the [[London Stock Exchange]] until it was acquired by [[Schneider Electric]] on 18 January 2023.<ref>{{Cite web|url=https://www.aveva.com/en/about/news/press-releases/2023/aveva-announces-the-completion-of-its-acquisition-by-schneider-electric/|title=AVEVA announces the completion of its acquisition by Schneider Electric|work=Aveva|access-date=2023-07-14|language=en-US}}</ref>
==History==
===Early history===
The origins of AVEVA start in 1967 in [[Cambridge]], England, with the establishment of the CADCentre, as it was more commonly referred to, and later formally became.  It was a government-funded research institute created by the UK [[BERR|Ministry of Technology]], with a mission to develop [[computer-aided design]] techniques and promote their take-up by British industry. Its first director was Arthur Llewelyn, who initially contracted out the recruitment and management of specialist staff to [[International Computers Limited|ICL]].<ref>{{Cite magazine |date=25 November 1976 |title=Design disciplines |url=https://books.google.com/books?id=hRoCtFl1DX4C&q=Arthur+Llewelyn+CAD+CEntre&pg=PA480 |magazine=New Scientist |access-date=15 April 2017}}</ref>
The centre carried out CAD research, and some of its early staff members, such as brothers [[Dick Newell]] and [[Martin Newell (computer scientist)|Martin Newell]], went on to become well known in the worldwide CAD community. Dick Newell oversaw the creation of the [[Plant Design Management System]] (PDMS) for the 3D process plant design. He later co-founded two software companies – [[Cambridge Interactive Systems]] (CIS) which was known for its [[MEDUSA4|Medusa 2D/3D]] CAD system, and [[Smallworld]] with its eponymous Smallworld GIS ([[Geographic Information Systems|Geographical Information System]]). Martin Newell later went to the [[University of Utah]] where he did pioneering 3D [[solid modelling]] work; he was also one of the progenitors of [[PostScript]].<ref>{{Cite book |last=Petersen |first=J.K. |url=https://books.google.com/books?id=YH_LBQAAQBAJ&q=martin+newell+postscript&pg=PA526 |title=The Telecommunications Illustrated Dictionary |publisher=CRC Press |year=2002 |page=526|isbn=9781420040678 }}</ref>
CADCentre became a private company in 1983, was the subject of a [[management buyout]]<ref name="CNEWS1">{{Cite web |title=AVEVA – 3D with a difference &#124; Cambridge-news.co.uk |url=http://www.cambridge-news.co.uk/Business/Technology/Aveva.htm |access-date=24 October 2011 |website=[[Cambridge-news.co.uk]]}}</ref> in 1994 under the leadership of its first managing director, Dr. Bob Bishop, and became a publicly quoted company in 1996.<ref>{{cite news |url=https://www.thetimes.co.uk/article/aveva-boss-richard-longdon-on-technology-challenges-m7v7ggd8s7d |title=Aveva boss Richard Longdon on technology challenges |date=7 June 2010 |work=The Times}}</ref> It changed its name to AVEVA in 2001.<ref>{{Cite web |date=23 May 2001 |title=Cadcentre broadens out as Aveva |url=http://citywire.co.uk/wealth-manager/news/cadcentre-broadens-out-as-aveva/a223839 |access-date=25 July 2018 |publisher=Citywire}}</ref>
===Acquisitions===
* On 21 April 2004, the company acquired Tribon Solutions, a global supplier of the "''Tribon''" [[naval architecture]] software for shipbuilding and marine design, for US$35&nbsp;million. The acquisition was completed on 19 May 2004.<ref name="AVAQ1">{{Cite web |date=21 April 2004 |title=Aveva buys Tribon for £19m |url=http://citywire.co.uk/money/breaking-news-aveva-buys-tribon-for-19m/a256852 |access-date=6 April 2012 |publisher=Citywire}}</ref> Tribon was originally developed by Kockum Computer Systems (KCS) for designing commercial and naval vessels. KCS was spun off from [[Kockums]] shipyards as an independent company, later renamed Tribon Systems.  The Tribon family of programs create a common set of [[databases]] containing the design details of the ship.<ref>{{Cite web |date=1 July 1995 |title=Shipbuilding Software FPSO yards switching to Tribon for newbuild/conversion support |url=https://www.offshore-mag.com/rigs-vessels/article/16762410/shipbuilding-software-fpso-yards-switching-to-tribon-for-newbuildconversion-support |access-date=3 August 2020 |publisher=Offshore Magazine}}</ref>
* On 31 March 2005, the company acquired Realitywave, Inc., developers of a web collaboration and streaming platform, for £3.2&nbsp;million.<ref name="AVAQ2">{{Cite web |date=18 May 2005 |title=Viva Aveva! |url=http://citywire.co.uk/money/viva-aveva/a266141 |access-date=6 April 2012 |publisher=Citywire}}</ref>
* On 30 March 2009, AVEVA announced the acquisition of iDesignOffice Pty Ltd, an instrumentation engineering technology company based in [[Melbourne]], Australia, specialising in products for plant and marine industries.<ref name="AVAQ3">{{Cite web |date=31 March 2009 |title=Aveva acquires IDO software from iDesignoffice |url=http://source.theengineer.co.uk/software-and-communications/design-software/aveva-acquires-ido-software-from-idesignoffice/335895.article |url-status=dead |archive-url=https://archive.today/20130505093036/http://source.theengineer.co.uk/software-and-communications/design-software/aveva-acquires-ido-software-from-idesignoffice/335895.article |archive-date=5 May 2013 |access-date=6 April 2012 |publisher=The Engineer}}</ref>
* On 3 June 2010, AVEVA Solutions Ltd, a wholly owned unit of AVEVA Group plc, announced the acquisition of Logimatic's MARS business from Logimatic Holdings A/S for £12.8&nbsp;million. This acquisition was completed on 30 June 2010, and MARS products and services were merged into AVEVA's Enterprise Solutions Group and aligned with its flagship AVEVA NET solution.<ref name=de/>
* On 3 June 2010, AVEVA Solutions Ltd acquired the oil and gas business from ADB Systemer AS, a [[Sola, Norway|Sola]]-based provider of [[Configuration management#Maintenance systems|operations integrity management software]] aimed at owner operators in the oil and gas industry.<ref name="de">{{Cite web |date=7 June 2010 |title=AVEVA Acquires Logimatic's MARS Business and Oil and Gas Business of ADB Systemer AS |url=http://www.deskeng.com/articles/aaaxgh.htm |url-status=dead |archive-url=https://web.archive.org/web/20120925105658/http://www.deskeng.com/articles/aaaxgh.htm |archive-date=25 September 2012 |access-date=6 April 2012 |publisher=Desktop Engineering}}</ref>
* On 3 October 2011, AVEVA announced the acquisition of LFM (Light Form Modeller) software division of [[Z+F UK|Z+F UK Limited]], which allowed it to expand into the [[3D data acquisition and object reconstruction|3D data capture]] market.<ref name="AVAQ6">{{Cite web |title=AVEVA acquires the LFM software division of Z+F UK |url=http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4555852 |url-status=dead |archive-url=https://web.archive.org/web/20120415050823/http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=4555852 |archive-date=15 April 2012 |access-date=25 October 2011 |publisher=ShareCast}}</ref>
* On 23 May 2012, AVEVA announced the acquisition of the [[Belgium]] and [[Germany]]-based Bocad group of companies, a provider of [[building information modeling]]<ref name="AVV-P-07">{{Cite web |title=Innovation and Creativity with BOCAD Software |url=http://www.mssa.org.my/site/index.php?option=com_content&view=article&id=94&Itemid=153 |url-status=dead |archive-url=https://web.archive.org/web/20150608024648/http://www.mssa.org.my/site/index.php?option=com_content&view=article&id=94&Itemid=153 |archive-date=8 June 2015 |access-date=23 May 2012 |publisher=mssa.org.my}}</ref> software for £14&nbsp;million. The acquisition strengthened AVEVA's 3D structural detailing capabilities for the plant, marine and construction markets.<ref name="AVAQ7">{{Cite web |date=23 May 2012 |title=AVEVA acquires BOCAD |url=http://bus-fin.globalprintmonitor.info/index.php/en/business-a-finance/companies/3474-aveva-acquires-bocad- |url-status=dead |archive-url=https://archive.today/20130218013145/http://bus-fin.globalprintmonitor.info/index.php/en/business-a-finance/companies/3474-aveva-acquires-bocad- |archive-date=18 February 2013 |access-date=23 May 2012 |publisher=globalprintmonitor.info}}</ref>
* On 17 December 2012, AVEVA announced the acquisition of all assets relating to the advanced [[Visualization (computer graphics)|visualisation]] and [[simulation]] software of [[Huntsville, Alabama]]-based Global Majic Software, Inc.<ref name="AVAQ8">{{Cite web |date=17 December 2012 |title=AVEVA acquires Global Majic's simulation software suite |url=http://www.mining.com/web/aveva-acquires-global-majics-simulation-software-suite/ |access-date=17 December 2012 |publisher=mining.com}}</ref>
* On 5 January 2015, AVEVA announced the acquisition of [[Derry]] based 8over8 Limited for £26.9 million. 8over8 provides contract [[risk management]] software - ProCon - for the oil, gas and mining, and other infrastructure industries.<ref name="AVAQ9">{{Cite web |date=5 January 2015 |title=AVEVA Acquires Software Business 8over8 For GBP26.9 Million |url=http://www.morningstar.co.uk/uk/news/AN_1420448980596350400/aveva-acquires-software-business-8over8-for-gbp269-million.aspx |access-date=5 January 2015 |publisher=morningstar.co.uk |archive-date=5 January 2015 |archive-url=https://web.archive.org/web/20150105132553/http://www.morningstar.co.uk/uk/news/AN_1420448980596350400/aveva-acquires-software-business-8over8-for-gbp269-million.aspx |url-status=dead }}</ref>
* On 8 February 2018, AVEVA announced the acquisition of the intellectual property rights of EDD and PDMSi software developed by Shell International Exploration and Production Inc., a member of the [[Royal Dutch Shell]] plc group.<ref name="AVAQ2018A1">{{Cite web |date=8 February 2018 |title=AVEVA acquires rights to Shell's engineering design and productivity software|url=https://cambridgenetwork.co.uk/news/aveva-acquires-rights-shells-engineering-design-and-productivity-software|access-date=18 April 2023 |publisher=cambridgenetwork.co.uk}}</ref>
* On 5 April 2019, AVEVA announced the acquisition of the software assets of MaxGrip B.V. to extend its Asset Performance Management (APM) solutions.<ref name="AVAQ2019A1">{{Cite web |date=5 April 2019 |title=AVEVA to acquire Maxgrip'Äôs software assets for asset performance management |url=https://www.automation.com/en-us/articles/2019/aveva-to-acquire-maxgrips-software-assets-for-asse|access-date=18 April 2023 |publisher=automation.com}}</ref>
* On 26 March 2020, AVEVA announced the acquisition of [[South Korea]]-based production accounting solution provider MESEnter software to complement its value chain optimisation solution.<ref name="AVAQ2020A1">{{Cite web |date=27 March 2020 |title=Aveva acquires MESEnter software|url=https://www.chemengonline.com/aveva-acquires-mesenter-software/ |access-date=18 April 2023 |publisher=chemengonline.com}}</ref><ref name="AVAQ2020A2">{{Cite web |date=26 March 2020 |title=AVEVA acquires MESEnter software|url=https://www.hydrocarbonengineering.com/refining/26032020/aveva-acquires-mesenter-software/ |access-date=18 April 2023 |publisher=hydrocarbonengineering.com}}</ref>
* On 25 August 2020, AVEVA announced an agreement to acquire [[OSIsoft]] for US$5 billion in one of the largest deals made by a UK-based technology company.<ref>{{Cite news |last1=Provan |first1=Sarah |last2=Fildes |first2=Nic |date=25 August 2020 |title=Aveva to buy US tech group OSIsoft in $5bn deal |work=[[Financial Times]] |url=https://www.ft.com/content/a85ae32c-bf0e-4d8f-9983-3a287c6189c7 |archive-url=https://ghostarchive.org/archive/20221211231202/https://www.ft.com/content/a85ae32c-bf0e-4d8f-9983-3a287c6189c7 |archive-date=11 December 2022 |url-access=subscription |url-status=live |access-date=25 August 2020 }}</ref><ref>{{Cite news|last=Shabong|first=Yadarisa|date=2020-08-25|title=UK software provider Aveva buys OSIsoft for $5 billion as Softbank cashes out|language=en|work=Reuters|url=https://www.reuters.com/article/us-osisoft-m-a-aveva-group-idUSKBN25L0JA|access-date=2020-09-15}}</ref><ref>{{Cite news|title=Aveva to Buy SoftBank-Backed Osisoft in $5 Billion Deal|url=https://www.bloomberg.com/news/articles/2020-08-25/aveva-to-buy-industrial-software-firm-osisoft-in-5-billion-deal|access-date=2020-09-15|newspaper=Bloomberg|date=25 August 2020 }}</ref> The acquisition was completed on 19 March 2021 for a final consideration of £3,831.4 million.<ref>{{Cite web|title=Completion of Acquisition of OSIsoft, LLC|url=https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=3885136&lang=en-GB&companycode=uk-avv&v=|access-date=2021-07-05|website=tools.eurolandir.com|archive-date=9 July 2021|archive-url=https://web.archive.org/web/20210709183019/https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=3885136&lang=en-GB&companycode=uk-avv&v=|url-status=dead}}</ref><ref>{{Cite web|title=Annual Report 2021|url=https://investors.aveva.com/annualreport/docs/Annual_Report_2021.pdf|access-date=5 July 2021|website=AVEVA}}</ref>
=== Schneider Electric's industrial software business combines with AVEVA ===
On 1 March 2018, AVEVA agreed to merge with France-based [[Schneider Electric]]'s industrial software business in a multi-step [[reverse takeover]].<ref>{{Cite news |date=4 September 2017 |title=Aveva set to be acquired by Schneider Electric |work=Financial Times |url=https://www.ft.com/content/83086b72-0f7b-385f-aed5-3626a8104916 |archive-url=https://ghostarchive.org/archive/20221211231218/https://www.ft.com/content/83086b72-0f7b-385f-aed5-3626a8104916 |archive-date=11 December 2022 |url-access=subscription |url-status=live |access-date=19 March 2018 }}</ref> Schneider Electric became the largest shareholder with a 60% ownership interest.<ref>{{Cite web |title=Schneider Electric Press Release |url=https://www.schneider-electric.com/ww/en/documents/financial2/2018/03/01-closing-aveva-se-software-tcm50-366577.PDF |access-date=16 May 2018 |archive-date=17 May 2018 |archive-url=https://web.archive.org/web/20180517082236/https://www.schneider-electric.com/ww/en/documents/financial2/2018/03/01-closing-aveva-se-software-tcm50-366577.PDF |url-status=dead }}</ref>
On 21 September 2022, Schneider agreed to a full takeover of AVEVA by paying about £3.87{{nbsp}}billion (US$4.4{{nbsp}}billion) for the remaining equity, valuing the whole of AVEVA at around £9.48{{nbsp}}billion (US$10.8{{nbsp}}billion).<ref>{{cite web |last1=Van Overstraeten |first1=Benoit |last2=Sandle |first2=Paul |date=21 September 2022 |title=France's Schneider to buy rest of Aveva in $11 billion deal |url=https://www.reuters.com/markets/europe/frances-schneider-buy-remaining-aveva-shares-31-poundsshare-offer-2022-09-21/ |work=[[Reuters]]}}</ref><ref>{{cite web |first1=Aaron |last1=Kirchfeld |first2=Dinesh |last2=Nair |first3=Albertina |last3=Torsoli |date=21 September 2022 |title=Schneider to Buy Aveva in £9.5 Billion Industrial Software Deal |url=https://www.bloomberg.com/news/articles/2022-09-21/schneider-agrees-to-buy-aveva-in-9-48-billion-software-deal |work=[[Bloomberg News]]}}</ref> The company confirmed that the final day of trading in its shares prior to completion of the takeover would be 17 January 2023. On January 18, Schneider completed the acquisition of AVEVA.<ref>{{cite news|url=https://www.sharesmagazine.co.uk/news/market/1673893053713529000/in-brief-aveva-shares-suspended-on-wednesday-amid-schneider-deal|title=Aveva shares suspended on Wednesday amid Schneider deal|date=16 January 2023|newspaper=Shares Magazine|access-date=18 January 2023}}</ref>
==Stadium==
{{main|AVEVA Stadium}}
In 2019 in Houston, Texas, a new stadium bearing the company's name was inaugurated and became home of the professional rugby team the [[Houston SaberCats]].<ref>{{Cite news |date=13 April 2019 |title=SaberCats fall to Seawolves in first match played at AVEVA Stadium |work=[[Houston Chronicle]] |url=https://www.chron.com/sports/article/SaberCats-fall-to-Seawolves-in-first-match-played-13765913.php |access-date=15 April 2019}}</ref>
==References==
{{Reflist}}
== External links ==
* {{Official|https://www.aveva.com/en/}}
{{Authority control}}
[[Category:British companies established in 1967]]
[[Category:Software companies established in 1967]]
[[Category:Computer-aided design software]]
[[Category:British subsidiaries of foreign companies]]
[[Category:International information technology consulting firms]]
[[Category:Information technology consulting firms of the United Kingdom]]
[[Category:Companies based in Cambridge]]
[[Category:Organisations based in Cambridge]]
[[Category:Economy of Cambridgeshire]]
[[Category:Schneider Electric]]
[[Category:Software companies of the United Kingdom]]
[[Category:International engineering consulting firms]]
[[Category:Engineering consulting firms of the United Kingdom]]
[[Category:Holding companies established in 1967]]
[[Category:Holding companies of the United Kingdom]]
[[Category:1967 establishments in England]]
[[Category:Companies formerly listed on the London Stock Exchange]]
[[Category:1996 initial public offerings]]
[[Category:2023 mergers and acquisitions]]
[[cs:PDMS]]