Schneider Electric to join with Aveva in a latest software deal

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Schneider Electric to join with Aveva in a latest software deal
Schneider Electric

The French software technological company Schneider will have 60 percent of the British engineering software firm Aveva Group making the company worth more than £3bn.

Software agreement deal between Aveva Group and Schneider Electric has been announced on Tuesday.

Schneider Electric tweeted as follows, “Breaking news! Agreement with @AVEVAGroup to create global leader in engineering and industrial sw #EcoStruxure #IoT.”

The full details of this agreement and this is the third attempt to combine both companies together were reported on Monday.

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