French giant agrees £9.5bn takeover of Aveva

French energy and automation giant Schneider Electric has agreed a £9.5 billion takeover of Aveva. Schneider Electric, which paid £3bn to take majority control of Aveva in 2017 via a reverse takeover, said it will keep the Cambridge headquarters of the industrial software company. The deal to acquire the remaining 40% shares of Aveva which … Continue reading French giant agrees £9.5bn takeover of Aveva