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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 -0.40% 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 +0.55% 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 +0.97% , 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
3,720.00 p
-15.00 -0.40%
Volume: 26,651
Oct. 22, 2021 10:23a
P/E Ratio
270.35
Dividend Yield
0.97%
Market Cap
£11.20 billion
Rev. per Employee
£174,553
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,610.00
+36.00 +0.55%
Volume: 15.77M
Oct. 22, 2021 3:00p
P/E Ratio
2.99
Dividend Yield
0.00%
Market Cap
¥11498.41 billion
Rev. per Employee
¥202.77M
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/zigman2/quotes/200216351/delayed
FR : France: Euronext Paris
141.88
+1.36 +0.97%
Volume: 146,840
Oct. 22, 2021 11:26a
P/E Ratio
27.27
Dividend Yield
1.83%
Market Cap
€79.43 billion
Rev. per Employee
€199,156
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