Schneider Electric said it is considering a full takeover bid for software company AVEVA,

sending the British company's shares up more than 32%. Now Schneider,

which already owns almost 60% of AVEVA, says it has until 16:00 GMT on 21

September to decide whether to proceed with a full bid. "No proposal has been made to

AVEVA and there can be no certainty that any offer will be made or as to the terms on

which (if made) any offer will be made," it said in a statement, saying AVEVA declined to comment.

In September 2017, Aveva had agreed to merge with the software business of France's

Schneider Electric, which invested 550 million euros to take 60% of the combined company,

with AVEVA shareholders holding the remaining 40%. So far, this acquisition case finally blossomed.

In December 2015, Schneider Electric and Aveva called off a planned £55m merger.

The merger, announced in July 2015, aims to combine the two companies' software

operations into a "global leader in industrial software". At the time, a number of other

groups, including Siemens, Emerson and General Electric, were also weighing bids for Aveva.

AVEVA, a leading global provider of engineering and information management software

solutions, is committed to helping industry clients leverage their powerful digital assets

to better respond to their business development needs and the rapid changes and

challenges in the market. Over the past 50 years, AVEVA has established 50 offices in 30

countries and regions, serving more than 3,500 customers worldwide in the oil, gas,

maritime, energy and other industries. Among them, the world's top 10 energy companies

are using AVEVA products; 90% of the world's top 10 shipyards use AVEVA products.

Schneider agreed to combine himself with AVEVA's industrial software business in 2017.

Since then,Aveva has also expanded further through acquisitions. In 2020,Aveva bought

industrial software maker Osisoft, backed by SoftBank Group Corp., at a valuation of $5

billion, including debt.

As a global expert in digital transformation in energy management and automation,

Schneider has in recent years acquired the German construction Software RIB Software

in 2020. It has also shed non-core assets, such as a business that makes uninterruptable

power supplies for demanding industrial environments such as oil, gas and nuclear

power, and its Eurotherm division, which provides products for temperature and power

control, measurement and data logging.

In June, Schneider Electric said it was considering the sale of a number of assets,

including its industrial automation and control unit, including evaluating the sale of its

Telemecanique business. Telemecanique, which traces its roots back to 1924 and makes

products such as sensors, switches and signal equipment for the industrial, infrastructure

and construction industries, was acquired by Schneider in 1988.

Schneider is also spinning off a business that makes uninterruptable power supplies for

demanding industrial environments such as oil, gas and nuclear power, and is exploring a

potential sale of its Eurotherm unit, which provides products for temperature and power

control, measurement and data logging, the people said.

Eurotherm is a leading global supplier of temperature, power, process control,

measurement and data management equipment, systems, software and services to the

global industrial market. Headquartered in Worthing, UK, with its core manufacturing

facility in Lenzi, Poland, the company employs approximately 650 people worldwide.

Watlow, a designer and manufacturer of complete industrial thermal systems, is pleased

to announce that it has signed an agreement to acquire Eurotherm from Schneider

Electric, according to the report. Terms of the deal were not disclosed.

In addition, Schneider Electric capital disposal moves also include new acquisitions.

For example, EV Connect, Inc., a provider of electric vehicle (EV) charging solutions,

announced that it has been acquired by Schneider Electric, a leader in energy

management and automation. With a strong foundation in sustainability and electric

vehicles, Schneider Electric's acquisition of EV Connect will allow the company to

accelerate its growth.

Sales Manager:May