AVEVA and Schneider Electric in software tie-up

AVEVA and Schneider Electric’s industrial software business combine to create engineering and industrial software company.

AVEVA CEO Craig Hayman.
AVEVA CEO Craig Hayman.

AVEVA has announced it has combined with Schneider Electric’s industrial software business to provide support to the operational processes of a broad range of capital-intensive industries.

“88% of leaders in capital-intensive industries say that digitalisation would increase their revenues”, said Craig Hayman, CEO 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.

“Digitalisation demands a fundamental rethink of the way organisations 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 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.

AVEVA has over 4,400 people across 80 locations in over 40 countries. Its global headquarters is in Cambridge, UK. Industries served include chemical; life sciences; mining, minerals and metals; oil and gas including upstream, mid-stream and downstream as well as power and utilities.

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