AVEVA, Schneider Electric to drive industrial digitalisation with new joint venture
AVEVA and Schneider Electric’s industrial software business combine to create a leading engineering and industrial software company
AVEVA has announced it has combined with Schneider Electric’s industrial software business to drive digital transformation across the asset and operational life cycle for capital-intensive industries.
This end-to-end offering unlocks the power of two industry leaders to deliver improved profitability and operational excellence to maximise return on capital.
“88% of leaders in capital-intensive industries say that digitalisation would increase their revenues*”, said Craig Hayman, Chief Executive Officer 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,” Mr 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. It creates a global leader in engineering and industrial software, expanding the markets and industries the company serves. Customers can benefit from improved profitability, efficiency and performance.
AVEVA has over 4,400 people across 80 locations in over 40 countries. Its global headquarters is in Cambridge, UK.
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.
“The combination of AVEVA and Schneider Electric’s industrial software business brings together CAPEX and OPEX, creating a path to digitalisation from conceptual design to commissioning, and from operations back to revamps,” said Monica Schnitger of Schnitger Corporation.
She added that many industrial businesses were already using software from both companies and that they will now look forward to the benefits of having these products under one developer umbrella.