AVEVA Announced Combination with Schneider Electric’s Industrial Software Business Has Been Completed

Author photo: Craig Resnick
ByCraig Resnick
Category:
Company and Product News

AVEVA announced it has combined with Schneider Electric’s industrial software business to offer a portfolio of software products and services suited to help its customers in capital-intensive industries accelerate their digital transformation journey across asset and operational lifecycles. This end-to-end offering is designed to help its users achieve improved profitability and operational excellence to further maximize return on capital.

The combination brings together AVEVA’s design, engineering and construction capabilities with Schneider Electric’s industrial software business, which ranges from simulation through to real-time manufacturing operations management. It creates a leading provider of engineering and industrial software, expanding the markets and industries the company serves. Benefits for customers leveraging this combined offering should realize include improved profitability, efficiency and performance.

Industries served includes chemical; food and beverage; infrastructure and smart cities; life sciences; mining, minerals and metals; oil and gas (upstream, mid-stream and downstream); power and utilities; shipbuilding; water and wastewater.

Craig Resnick, ARC Advisory Group, commented, “New technologies are accelerating the merging of the virtual design and physical equipment worlds, requiring the creation of new business models that must support the convergence of IT, OT and ET to enable digital services. The convergence of solutions from both AVEVA and Schneider Electric’s industrial software business enables its customers to take full advantage of the complete spectrum of technologies and solutions needed to increase both their top and bottom lines to better thrive in an ultra-competitive global economy.”

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