AVEVA Group Plc to acquire OSIsoft Llc

AVEVA Group Plc (LON: AVV) has attained a deal on the provisions of an acquisition of OSIsoft Llc.

  • The acquisition at an EV (enterprise value) of $5.0 billion would bolster the company’s position as a leader in the global industrial software. The acquisition will be financed by new debt facilities and a proposed rights issue.
  • OSIsoft has around 1,400 employees and is headquartered in California, USA, with its acquisition, Aveva's ability would be enhanced to accelerate the digital transformation of the industrial world and promote sustainability.
  • On 25 August 2020, at the time of writing, GMT 09:57 AM, AVV shares were trading at GBX 4,478.00, up by 132.00 points or 3.37% against the previous day closing price.

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