aveva osisoft ebitda

Aveva will become Britain’s largest software group, after agreeing to the $5 billion, merger with the American based OSIsoft. form below and you'll receive in your inbox our awesome free sample. AVEVA & OSIsoft combine to accelerate the digital transformation of the industrial world. See insights on Aveva including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. AVEVA and OSIsoft will further deliver on their sustainability goals, driving significant benefits for their customers. It’s currently used by 9 out of 10 of the Global Fortune Top 10 pharmaceutical companies. If the software stacks of the two companies can be integrated, this could make for a smooth end-to-end customer experience in which AVEVA provides software to be used at all stages of building infrastructure, from design to control to maintenance and optimisation. Mr. Kidd pointed out that OSI today largely sells perpetual licenses and maintenance agreements, with just a small proportion of revenue coming from subscriptions. On August 25, 2020,  we announced an agreement with AVEVA to join forces. By: Sally Marshall, Izer Onadim, Valeriya Shreyber, Max Raso (Imperial College London), Zahra Malik, Devangini Vanalia and Deimante Chailenko (University of Manchester). Founded in 1967, headquartered in Cambridge, England. OSIsoft’s software has great potential. Aveva Group Plc is in advanced talks to acquire industrial software maker OSIsoft LLC for about $5 billion, according to people familiar with the matter. Based on assumptions, AVEVA is unlikely to raise more than £1 billion pounds in debt since enterprise software companies can typically sustain debt representing only about double its EBITDA. A big impetus for the transaction is to further diversify AVEVA away from its main market–oil and gas (from 40% to 25% of revenue). This will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitization vison. The deal “strengthens our position as a global leader in engineering and industrial software,” Aveva said in a statement. Software for a Sustainable Future. The next chapter in PI’s fifth decade will be exciting for our employees and customers, and I look forward to my continued involvement in my new role as the largest individual shareholder in the combined company and as Chairman Emeritus to ensure we realize the full benefits of this transaction.”  Dr. J. Patrick Kennedy, OSIsoft founder and CEO, “Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set. The integration of OSIsoft’s PI system data management software with AVEVA’s own operations and performance products will create an integrated data foundation that will drive big data insights to help customers. H1 2019 and TTM to 30 June 2020 figures are shown according to ASC 606. Its, "Joining forces with AVEVA enhances and extends our ability to deliver on our key commitments to our customers, partners, and employees. AVEVA has entered into an agreement to buy a SoftBank-backed US rival, OSIsoft, leading to one of the largest deals struck by a UK technology company. The $5bn acquisition presents a range of risks and uncertainties, the greatest uncertainty being integration risk. SoftBank gets to generate an approx. See Appendix for details. The acquisition will strengthen its position in its current subsectors and add a stronger position in the pharmaceutical, food & beverage, and life sciences markets. Aveva Group Plc has agreed to buy Osisoft in a deal that gives the SoftBank Group Corp.-backed industrial software maker an enterprise value of $5 billion. AVEVA has reached agreement on the terms of an acquisition of OSIsoft at an enterprise value of $5.0 billion. Additionally, the acquisition of OSIsoft requires inventive financing. AVEVA’s interest in OSIsoft is a testament to our talented team, and the extraordinary value of the PI System as the real-time streaming data infrastructure that powers the industrial world. AVEVA agrees to acquire OSIsoft. This exit produces a mammoth return for Dr. Kennedy, who still owned a majority of the company. This agreement will enable our customers to improve business processes as well as eliminate inefficiencies. This will open up a wide range of streamlining and integration alongside AVEVA’s other products. In short, this is not a splashy tech deal. Schneider Electric, a French industrial company, owns 60% of AVEVA and is unlikely to want to dilute its stake, since software is a key leg of its growth strategy. Please, in order to be able to read our free chapter, put your email in the From a financial standpoint, this deal looks to benefit AVEVA greatly in the long run. AVEVA’s $5 Billion Acquisition of OSIsoft, "Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set." Improving economic performance with remote workforce. We are extremely proud to be moving into the next chapter with an even stronger solutions portfolio as well as an ever-increasing and robust customer base which continues to make us leaders in our sector.”, Letter from OSIsoft CEO Dr. J. Patrick Kennedy. To fund the rest of the proposed $5 billion deal, AVEVA considered offering stock, selling new equity, or both. In the twelve months ended 30 June 2020, OSIsoft had revenue of $488.5 million and Adjusted EBIT of $152.2 million1. Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and … 25.08.2020 14:24. Aveva Group, the FTSE 100-listed software firm, said it intends to raise £2.84billion through a rights issue to part-fund the acquisition of SoftBank-backed rival OSIsoft.. It is listed on the London Stock Exchange and is part of the FTSE 100 Index. Learn More. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. Together we will be better able to service the largest digital transformation projects in history" - J. Patrick Kennedy, CEO of OSIsoft. synopsis: UK-based AVEVA has reached an agreement to acquire OSIsoft, a pioneer and global leader in real-time industrial operational data software and services. In 2019, OSIsoft held $96.3M (£72.6M) in cash and cash equivalents and $1.26B (£0.95B) in total assets, while AVEVA held £127.8M in cash and £2.48B in total assets. - Craig Hayman, CEO of AVEVA, OSIsoft’s software has great potential. As part of this acquisition, Aveva will combine OSIsoft’s products with its own. The deal looks to accelerate the convergence of industrial software applications with real-time operational data flows. The data collected and analysed by OSIsoft’s PI software could also be used by AVEVA to improve its other offerings. Kennedy's Estudillo has a 50.3% stake in OSIsoft, while SoftBank holds 44.7% and the remaining is held by Mitsui & Co. Mitsui said it will sell its interest in OSIsoft for $250 million. 1 FY2016-2019 CAGRs are shown according to ASC 605. Empower the Remote Workforce. The FIT with AVEVA … ACQUISITION OF OSISOFT, LLC ('OSISOFT'): UPDATE RE CLEARANCES AND EXPECTED TIMETABLE TO CLOSING. AVEVA Buys OSIsoft for $5B. Micro Focus struggled with its $8.8bn reverse takeover of Hewlett Packard Enterprise’s unwanted software business. According to Aveva, the integration of OSIsoft’s PI System data management software with Aveva… This will not only help us serve existing customers better but also open the flood gates to new opportunities which will accelerate the delivery of our digitization vison. In addition, OSIsoft, as a mature business, requires substantial investment in order to expand operations into different market channels and revenue streams. The combination will bring together world-leading industrial software and real-time operational data software and services. Today’s announcement is the culmination of a thoughtful search for a respected organization that would mesh with our own strong mission- and customer-driven culture. The acquisition of OSIsoft could put the new, larger AVEVA in better standing since it will combine their respective customer bases and their total assets. 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