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Aug. 25, 2020, 2:26 a.m. EDT

Aveva buying OSIsoft for $5 billion

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By Steve Goldstein

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
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
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/zigman2/quotes/207303954/delayed
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
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/zigman2/quotes/200216351/delayed
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
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