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    Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

    Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

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    Sisi says ready to extend support to Adani Group and its future projects in Egypt

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    Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

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    Cairo book fair is opportunity to display cultures, heritage of Arab countries: Arab officials

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    Egyptian airports celebrate 93rd Egyptian Civil Aviation Day

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    US Embassy: Blinken’s visit to Egypt to push forward strategic partnership, enhance ME peace

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    US State Secretary to travel to Egypt next week

    Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

    Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

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    Sisi voices hope India’s visit help further develop bilateral ties

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    President Sisi says India visit comes amid significant breakthrough in bilateral ties

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    Schneider Electric completes acquisition of AVEVA

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    TikTok ban on the cards

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    Uber not planning any mass layoffs

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    Netflix to release 1st-ever Welsh language TV show

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    Twitter prices Blue for Android at $11 per month

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      Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

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      Sisi says ready to extend support to Adani Group and its future projects in Egypt

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      PM: State seeks to increase exports to 100 billion dollars

      Sisi stresses keenness to develop trade, economic ties with India

      Sisi stresses keenness to develop trade, economic ties with India

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      Sisi arrives in New Delhi as guest of honour to India’s Republic Day

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      Finance min.: LE2.3b allocated for private funds, accounts

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        China says Covid deaths down by nearly 80pc

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        S. Korea aspires to exchanges for bright future

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        Oscar nominations Tuesday could give blockbusters a boost

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        Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

        Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

        Sisi says ready to extend support to Adani Group and its future projects in Egypt

        Sisi says ready to extend support to Adani Group and its future projects in Egypt

        Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

        Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

        Cairo book fair is opportunity to display cultures, heritage of Arab countries: Arab officials

        Cairo book fair is opportunity to display cultures, heritage of Arab countries: Arab officials

        Egyptian airports celebrate 93rd Egyptian Civil Aviation Day

        Egyptian airports celebrate 93rd Egyptian Civil Aviation Day

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      • World
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        • National Day
        US Embassy: Blinken’s visit to Egypt to push forward strategic partnership, enhance ME peace

        US Embassy: Blinken’s visit to Egypt to push forward strategic partnership, enhance ME peace

        US State Secretary to travel to Egypt next week

        US State Secretary to travel to Egypt next week

        Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

        Sisi, Modi agree to upgrade Egyptian-Indian ties to strategic partnership

        Sisi voices hope India’s visit help further develop bilateral ties

        Sisi voices hope India’s visit help further develop bilateral ties

        President Sisi says India visit comes amid significant breakthrough in bilateral ties

        President Sisi says India visit comes amid significant breakthrough in bilateral ties

        • National Day
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        AVEVA spotlights benefits of industrial digital transformation for a low carbon world at WEF 2023

        Schneider Electric completes acquisition of AVEVA

        TikTok ban on the cards

        TikTok ban on the cards

        Uber not planning any mass layoffs

        Uber not planning any mass layoffs

        Netflix to release 1st-ever Welsh language TV show

        Netflix to release 1st-ever Welsh language TV show

        Twitter prices Blue for Android at $11 per month

        Twitter prices Blue for Android at $11 per month

        Apple to compete with Amazon, Google in smart home category

        Apple to compete with Amazon, Google in smart home category

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          Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

          Sisi asserts Egypt’s interest in co-operating with India in new, renewable energy field

          Sisi says ready to extend support to Adani Group and its future projects in Egypt

          Sisi says ready to extend support to Adani Group and its future projects in Egypt

          PM: State seeks to increase exports to 100 billion dollars

          PM: State seeks to increase exports to 100 billion dollars

          Sisi stresses keenness to develop trade, economic ties with India

          Sisi stresses keenness to develop trade, economic ties with India

          Sisi arrives in New Delhi as guest of honour to India’s Republic Day

          Sisi arrives in New Delhi as guest of honour to India’s Republic Day

          Finance min.: LE2.3b allocated for private funds, accounts

          Finance min.: LE2.3b allocated for private funds, accounts

          Trending Tags

            • Real State
          • SPORTS
            Blazers beat Jazz 134-124

            Blazers beat Jazz 134-124

            Rahm struggles to 1-over 73 in 1st round at Torrey Pines

            Rahm struggles to 1-over 73 in 1st round at Torrey Pines

            Unstoppable Djokovic mows down Rublev to reach Australian Open semis

            Unstoppable Djokovic mows down Rublev to reach Australian Open semis

            Man City face Arsenal showdown, Liverpool eye revenge in FA Cup

            Man City face Arsenal showdown, Liverpool eye revenge in FA Cup

            Egypt lose to hosts Sweden at World Championship quarters

            Egypt lose to hosts Sweden at World Championship quarters

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            China says Covid deaths down by nearly 80pc

            China says Covid deaths down by nearly 80pc

            S. Korea aspires to exchanges for bright future

            S. Korea aspires to exchanges for bright future

            Health ministry adopts strategy to develop dental services

            Health ministry adopts strategy to develop dental services

            Oscar nominations Tuesday could give blockbusters a boost

            Oscar nominations Tuesday could give blockbusters a boost

            Korean Cultural Centre celebrates Lunar New Year

            Korean Cultural Centre celebrates Lunar New Year

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              Sisi assesses development of Cairo-Suez road

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              Egypt, India mark 75th anniversary of establishing ties

              Egypt, India mark 75th anniversary of establishing ties

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              Amnesty International scorns free speech

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          Home Technology

          Schneider Electric completes acquisition of AVEVA

          by Gazette Staff
          January 23, 2023
          in Technology
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          AVEVA spotlights benefits of industrial digital transformation for a low carbon world at WEF 2023

          Peter Herweck, AVEVA CEO

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          AVEVA, a global leader in industrial software, announced the completion of its acquisition by Schneider Electric, a leading global industrial company specializing in digital automation and energy management.

          Since its foundation, AVEVA has grown from a niche design software developer to a leading global industrial software company with a value of more than £10bn.

          Today, AVEVA’s software drives efficiency and reduces costs for over 20,000 customers worldwide, offering a Digital Twin for the whole asset lifecycle from Engineering through to Operations and Maintenance across diverse industries worldwide.

          The global industrial sector increasingly relies on data to maximize business value. But like other materials, this key industrial resource only becomes useful when it is extracted, processed, and delivered to the right people at the right time – securely and in context.

          Customers persistently identify the clear need for digital solutions across both industrial operations and energy management, needs that have never been more relevant in the current economic and energy cost environment.  Schneider Electric and AVEVA together, enable a holistic approach to digital transformation across a customer’s operations. They drive step-change improvements through a reduction in energy, carbon and resource intensity, accelerating customer journeys of efficiency and sustainability.

          AVEVA’s strategic focus is on becoming the number one SaaS provider of software and industrial information and evolving to a subscription-only business model. The acquisition will accelerate that transition.

          Whilst AVEVA will now be wholly owned and part of Schneider Electric, intentions have been set out to preserve AVEVA’s business autonomy, future R&D investment, and enhancing the potential benefits for customers and meeting their needs faster with a stronger portfolio of solutions.

          Peter Herweck, CEO of AVEVA, said: “The needs of the industrial world are becoming ever more complex.  But the opportunities to create competitive advantage, value and sustainability through digital transformation have never been more compelling. 

          AVEVA is now optimally placed, with the collaboration not just of Schneider Electric but all its partners, to drive innovation, change and value for its customers.  The last 50 years for AVEVA have been incredibly exciting. Thank you to all of the stakeholders who have been part of the journey so far in creating a global leader in industrial software and data. I’m convinced that through continued investment and transformation, the best is yet to come.”

          Philip Aiken, Chairman of AVEVA, said: “It has been a pleasure to be Chairman of AVEVA over the last decade, as the business has grown to be a global leader in industrial software and the largest listed technology company in the UK. I’d like to thank the Board, our employees, customers, partners and investors for their contributions and support and to wish AVEVA continued success as part of Schneider Electric.”

          Tags: AcquisitionAVEVASaaSSchneider Electricsoftware
          Gazette Staff

          Gazette Staff

          We The Staff of The Egyptian Gazette are working throughout the day to cover the most important news in all fields for you.

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