Aveva: How does Schneider Electric’s acquisition of it benefit customers?

Earlier this year, Schneider Electric announced the acquisition of Cambridge based industrial software and engineering company Aveva. Valued at over £10bn, AVEVA’s software drives efficiency and reduces costs for over 20,000 customers worldwide. Their digital twins cover the whole asset lifecycle from engineering through to operations and maintenance across diverse industries worldwide.

As industrial businesses identify the clear need for digital solutions across both industrial operations and energy management, they look to data to maximise business value. Yet, like other materials, this key industrial resource only becomes useful when extracted, processed, and delivered to the right people at the right time, both securely and in context. AVEVA’s industrial software will extend Schneider EcoStruxure Solutions to enable its users to maximise value from their assets and processes.

Benefits that Aveva customers can expect

The Aveva acquisition by Schneider Electric will benefit customer businesses in several ways, including:

  1. An expanded product portfolio

Schneider Electric can offer an expanded product portfolio that includes advanced engineering software and digital transformation solutions. Moreover, this enables customers to access more products and services, with solutions that best meet their specific needs.

  1. Aveva enhanced capabilities

Their complementary capabilities and expertise will enable the two companies to create new value propositions for their customers. Leveraging their combined expertise to deliver innovative solutions will also enable digital transformation and drive operational efficiencies.

  1. Improved customer experience

By expanding their product portfolio and enhancing their capabilities, they are ready to meet the evolving needs of their customers. This will also enable them to deliver an improved customer experience, with solutions tailored to the requirements of each customer.

  1. Increased efficiency

Using advanced engineering software and digital transformation to aid customers in optimising their industrial processes, improve productivity and reduce waste.

  1. Improved sustainability

Schneider Electric has a long commitment of delivering sustainable energy solutions and reducing the environmental impact of its customers. Undeniably, Aveva enhances this capability by offering customers solutions that enable them to reduce their carbon footprint and operate more sustainably.

Overall, the completion of the acquisition of Aveva by Schneider Electric is a significant step. Importantly, it creates a new industry leader in industrial automation software and digital transformation solutions. Both companies are committed to delivering value to their customers through innovative solutions that enable digital transformation and drive operational efficiencies.

In short, they will continue to lead the way in the industrial automation and software markets, helping their customers to navigate the complex and rapidly evolving digital landscape.

 

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