Aveva

AVEVA Group plc
Holding company
(Public limited company)
Traded as LSE: AVV
Industry Information Technology
Technology consulting
CAD/CAM Software
Enterprise Asset Management
Manufacturing Execution System
Enterprise Solutions
Founded 1967 (Cambridge)
Headquarters High Cross, Madingley Road, Cambridge, UK
Area served
 Worldwide
Key people
 Philip Aiken (Chairman)
Craig Hayman (CEO)
Products See below
Revenue £215.8 million (2017)[1]
£44.8 million (2017)[1]
£38.1 million (2017)[1]
Website www.aveva.com

AVEVA Group plc is a British multinational information technology company headquartered in Cambridge, United Kingdom. It provides engineering and industrial software.

AVEVA grew out of the government-funded Computer-Aided Design Centre, which was established in 1967.

AVEVA is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Early history

The origins of AVEVA start in 1967 in Cambridge, UK, with the establishment of the Computer-Aided Design Centre or CADCentre as it was more commonly referred to, and later formally became. It was a government-funded research institute created by the UK Ministry of Technology, with a mission to develop computer-aided design techniques, and promote their take-up by British industry. Its first director was Arthur Llewelyn, who initially contracted out the recruitment and management of specialist staff to ICL.[2]

The centre carried out CAD research, and some of its early staff members, such as brothers Dick Newell and Martin Newell, went on to become well known in the worldwide CAD community. Dick Newell oversaw the creation of the Plant Design Management System (PDMS) for 3D process plant design. He later co-founded two software companies – Cambridge Interactive Systems (CIS) which was known for its Medusa 2D/3D CAD system, and Smallworld with its eponymous Smallworld GIS (Geographical Information System). Martin Newell later went to the University of Utah where he did pioneering 3D solid modelling work; he was also one of the progenitors of PostScript.[3]

CADCentre became a private company in 1983, was the subject of a management buyout[4] in 1994 and became a publicly quoted company in 1996. It changed its name to AVEVA in 2001.[5]

Acquisitions

  • On 21 April 2004, the company acquired Tribon Solutions, a global supplier of Tribon, software for shipbuilding and marine design, for US$35 million. The acquisition was completed on 19 May 2004.[6]
  • On 31 March 2005, the company acquired Realitywave, Inc., developers of a web collaboration and streaming platform, for £3.2 million.[7]
  • On 30 March 2009, AVEVA announced the acquisition of iDesignOffice Pty Ltd, an instrumentation engineering technology company based in Melbourne, Australia, specialising in products for plant and marine industries.[8]
  • On 3 June 2010, AVEVA Solutions Ltd, a wholly owned unit of AVEVA Group plc, announced the acquisition of Logimatic’s MARS business from Logimatic Holdings A/S for GBP12.8 million. This acquisition was completed on 30 June 2010, and MARS products and services were merged into AVEVA's Enterprise Solutions Group and aligned with its flagship AVEVA NET solution.[9]
  • On 3 June 2010, AVEVA Solutions Ltd acquired the oil and gas business from ADB Systemer AS, a Sola-based provider of operations integrity management software aimed at owner operators in the oil and gas industry.[9]
  • On 3 October 2011, AVEVA announced the acquisition of LFM (Light Form Modeller) software division of Z+F UK Limited, which allowed it to expand into the 3D data capture market.[10]
  • On 23 May 2012, AVEVA announced the acquisition of the Belgium and Germany-based Bocad group of companies, a provider of building information modeling[11] software for GBP14 million. The acquisition strengthened AVEVA's 3D structural detailing capabilities for the plant, marine and construction markets.[12]
  • On 17 December 2012, AVEVA announced the acquisition of all assets relating to the advanced visualisation and simulation software of Huntsville, Alabama-based Global Majic Software, Inc.[13]
  • On 5 January 2015, AVEVA announced the acquisition of Derry-based 8over8 Limited for GBP26.9 million. 8over8 provides contract risk management software - ProCon - for the oil, gas and mining, and other infrastructure industries.[14]

Schneider Electric’s Industrial Software Business Combines with AVEVA

  • On 1 March 2018, AVEVA agreed to merge with France-based Schneider Electric's industrial software business.[15]
  • Schneider Electric is now the largest shareholder with a 60% ownership interest.[16]

References

  1. 1 2 3 "Annual Report 2017" (PDF). Aveva. Retrieved 19 March 2018.
  2. ↑ "Design disciplines". New Scientist. 25 November 1976. Retrieved 15 April 2017.
  3. ↑ Petersen, J.K. (2002). The Telecommunications Illustrated Dictionary. CRC Press. p. 526.
  4. ↑ "AVEVA – 3D with a difference | Cambridge-news.co.uk". Cambridge-news.co.uk. Retrieved 24 Oct 2011.
  5. ↑ "Cadcentre broadens out as Aveva". Citywire. 23 May 2001. Retrieved 25 July 2018.
  6. ↑ "Aveva buys Tribon for £19m". Citywire. 21 April 2004. Retrieved 6 April 2012.
  7. ↑ "Viva Aveva!". Citywire. 18 May 2005. Retrieved 6 April 2012.
  8. ↑ "Aveva acquires IDO software from iDesignoffice". The Engineer. 31 March 2009. Archived from the original on 5 May 2013. Retrieved 6 April 2012.
  9. 1 2 "AVEVA Acquires Logimatic's MARS Business and Oil and Gas Business of ADB Systemer AS". Desktop Engineering. 7 June 2010. Retrieved 6 April 2012.
  10. ↑ "AVEVA acquires the LFM software division of Z+F UK". ShareCast. Retrieved 25 October 2011.
  11. ↑ "Innovation and Creativity with BOCAD Software". mssa.org.my. Retrieved 23 May 2012.
  12. ↑ "AVEVA acquires BOCAD". globalprintmonitor.info. 23 May 2012. Archived from the original on 18 February 2013. Retrieved 23 May 2012.
  13. ↑ "AVEVA acquires Global Majic's simulation software suite". mining.com. 17 December 2012. Retrieved 17 December 2012.
  14. ↑ "AVEVA Acquires Software Business 8over8 For GBP26.9 Million". morningstar.co.uk. 5 January 2015. Retrieved 5 January 2015.
  15. ↑ "Aveva set to be acquired by Schneider Electric". Financial Times. 4 September 2017. Retrieved 19 March 2018.
  16. ↑ "Schneider Electric Press Release" (PDF).
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