Chesterfield software firm set for multi-billion pound merger
Aveva, the FTSE engineering software firm that has a base in Chesterfield, is set to merge with France's Schneider Electric in a deal worth around £3bn.
The two firms have announced the merger this morning that will create one of the biggest UK listed software companies with combined revenues of £657.5m.
Aveva makes specialist software for the oil and gas industries. Reports suggest that the firm's shareholders will receive 858p per share in cash as part of the deal, with Schneider Electronic taking a majority stake. Schneid... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
