Source data
Schneider Electric's two-stage acquisition of AVEVA
Sources checked
- 5 September 2017Industrial software combination announced
Agreement to combine AVEVA and Schneider Electric Software Source 1
- 28 February 2018First transaction finalised
Schneider owns 60% on a fully diluted basis Source 1
- 1 March 2018Consolidation begins
AVEVA fully consolidated in Industrial Automation Source 1
- 11 November 2022Final recommended cash price agreed
3,225p per share Source 2
- 25 November 2022Scheme approvals obtained
Shareholder approvals at Court Meeting and General Meeting Source 2
- 18 January 2023Scheme becomes effective
Schneider acquires outstanding AVEVA shares Source 2
Show 1 more dates
- 31 January 2023Financial liability settled
£4.055 billion paid, including stamp duties Source 2
Schneider fully consolidated AVEVA in 2018. The 2023 transaction acquired the outstanding shares.
Schneider Electric's two-stage acquisition of AVEVA
The 2018 percentage was on a fully diluted basis. The 2023 scheme price is in pence per share. The cash settlement in pounds includes stamp duties.
| Source | |||
|---|---|---|---|
| 5 September 2017 | Industrial software combination announced | Agreement to combine AVEVA and Schneider Electric Software | Source 1 |
| 28 February 2018 | First transaction finalised | Schneider owns 60% on a fully diluted basis | Source 1 |
| 1 March 2018 | Consolidation begins | AVEVA fully consolidated in Industrial Automation | Source 1 |
| 11 November 2022 | Final recommended cash price agreed | 3,225p per share | Source 2 |
| 25 November 2022 | Scheme approvals obtained | Shareholder approvals at Court Meeting and General Meeting | Source 2 |
| 18 January 2023 | Scheme becomes effective | Schneider acquires outstanding AVEVA shares | Source 2 |
| 31 January 2023 | Financial liability settled | £4.055 billion paid, including stamp duties | Source 2 |