Aveva buying OSIsoft for $5 billion

Aveva /zigman2/quotes/202038414/delayed UK:AVV -1.48% said it's buying OSIsoft for $5 billion in a mostly cash deal to expand its position in industrial software. Aveva is buying the company that's 53% held by its founder and 45% held by SoftBank /zigman2/quotes/207303954/delayed JP:9984 -5.19% to create a company with revenue of about £1.2 billion and Adjusted EBIT of around £330 million, or a 28% margin. Aveva shareholder Schneider Electric /zigman2/quotes/200216351/delayed FR:SU -0.48% , which holds 60% of the U.K. company, is voting for the deal and will participate in the $3.5 billion sale of discounted shares, or rights issue, to fund the acquisition. OSIsoft's founder, Dr. J. Patrick Kennedy, will become chairman emeritus and hold roughly 4% of the combined company.

/zigman2/quotes/202038414/delayed

Add to watchlist UK:AVV

Aveva Group PLC

UK : U.K.: London

3,468.00 p

-52.00 -1.48%

Volume: 230,143

March 3, 2021 4:35p

P/E Ratio

222.88

Dividend Yield

1.19%

Market Cap

£10.09 billion

Rev. per Employee

£181,261

/zigman2/quotes/207303954/delayed

Add to watchlist JP:9984

SoftBank Group Corp.

JP : Japan: Tokyo

¥ 10,050.00

-550.00 -5.19%

Volume: 16.72M

March 4, 2021 3:00p

P/E Ratio

13.00

Dividend Yield

0.00%

Market Cap

¥18701.07 billion

Rev. per Employee

¥76.45M

/zigman2/quotes/200216351/delayed

Add to watchlist FR:SU

Schneider Electric SE

FR : France: Euronext Paris

€ 125.45

-0.60 -0.48%

Volume: 919,150

March 3, 2021 5:35p

P/E Ratio

32.93

Dividend Yield

2.07%

Market Cap

€69.87 billion

Rev. per Employee

N/A