Schneider electric to take majority stake in aveva the new. In december, avevas stock plunged by more than 30pc when it reported that six months of talks over a possible tieup had collapsed. Jul 20, 2015 schneider electric takes control of aveva in software push. Aveva, the engineering and software developer, has said that chief executive richard longdon is stepping down after 33 years at the company, weeks after another failed attempt at. Avevas cuttingedge software solutions make assets and operations safer, more effective, and more sustainable.
On top of now being part of a leading engineering and industrial software company, schneider electric is leading the way in the ongoing integration of the various levels in its roadmap. He succeeds outgoing chairman keith guy, who is stepping down after more than years in the position. Aveva and schneider electrics industrial software business have completed their merger. Richard longdon, ceo, aveva, commenting on the acquisition, said, in 2012, aveva acquired the industrys most technically advanced steel detailing solution, bocad. Aveva chief richard longdon to step down after merger talks fail. Mr richard longdon, chief executive, aveva group plc. Richard longdon, aveva ceo said in the announcement that, the transaction will be transformational to aveva, creating a global leader in industrial software, which will be able to better compete on a global scale. He joined aveva in 1984 and shortly afterwards was made marketing. This deal has a clear and compelling industrial logic, said avevas chief executive richard longdon, who will remain in charge of a group he has led since 1999. Our global blue chip customer base continues to entrust us with developing lifecycle engineering data management.
With our portfolio of innovative engineering and industrial software solutions, we not only revolutionize industries, but empower the people behind them. Richard longdon non executive chairman murgitroyd linkedin. The announcement came as the firm said trading since its last update in may. According to aveva ceo, richard longdon, the transaction will be transformational to aveva, creating a global leader in industrial software which will be able to compete better on a global scale. Aveva group plc ceo richard longdon to quit at the end of the. View richard longdon s profile on linkedin, the worlds largest professional community. Aveva ceo richard longdon and the aveva board will remain in place with the addition of two schneider members when the deal closes, and the company will continue to.
In a reverse takeover of the british engineering software company, schneider electric will regroup the industrial software assets that made up much of its invensys acquisition two years ago into a larger industry proposition. Schneider to join its software assets with aveva profood world. Schneider electric takes control of aveva in software push. Jun 01, 2015 richard longdon, chief executive of aveva photo by aveva aveva group plc announces that it has agreed to acquire fabtrol systems, inc. Oct 24, 2019 the supplier of integrated risk management software said richard longdon will be joining ideagen as nonexecutive director on the same date. After all, what goes on at aveva, the international engineering design software development company, is hard to compress into a soundbite. Aveva, the engineering and software developer, has said that chief executive richard longdon is stepping down after 33 years at the company, weeks after another failed attempt at a merger with.
A new coo will be appointed from schneider software but will not serve on the board. Aveva and schneider software to create a global leader in. Aveva grew out of the governmentfunded computeraided design centre, which was established in 1967. Jul 20, 2015 frances schneider electric is combining its software operations with britains aveva to create a business active in sectors ranging from nuclear power to pharmaceuticals and less reliant on oil. Nov 12, 2012 richard longdon, ceo of engineering software group aveva, tells uk government to avoid trying to help businesses, because every time you do, you give us more problems. Richard longdon, chief executive of engineering software firm aveva group plc is to quit the role at the end of the year. Chief financial officer james kidd will take the reins as ceo in january. L to create a business active in sectors ranging from nuclear power to pharmaceuticals and. Longdon stepping down as aveva ceo business weekly. Jul 08, 2016 british software maker aveva group plc said on friday chief executive richard longdon would step down after 17 years at the helm, just weeks after reporting a second failed attempt to tieup with.
Results for the year ended 31 march 20 richard longdon chief executive james kidd chief financial officer derek brown head of investor relations. Aveva chief richard longdon to step down after merger talks fail the longtime chief executive of aveva announced he is to step down less than a month after a second round of merger talks between. Fabtrol is an obvious extension to our portfolio, positioning aveva to offer an endtoend solution for steel design, detailing and fabrication. Jul 08, 2016 aveva, the engineering and software developer, has said that chief executive richard longdon is stepping down after 33 years at the company, weeks after another failed attempt at a merger with. Richard longdon often when richard longdon meets people at social gatherings they dont really get what he does for a living, even after its been explained to them. Aveva is listed on the london stock exchange and is a constituent of the ftse 100 index. Schneider electric to take majority stake in aveva. Obermatt winnerprofile for richard longdon aveva at the obermatt ceoofyear rankings.
Commenting on the transaction, richard longdon, chief executive officer of aveva said. Ceo richard longdon is stepping down as chief executive of cambridge uk software company aveva after 17 years at the helm and 33 years with the technology business as a whole. About aveva software jobs jobs in aveva software career. The transaction will be transformational to aveva, creating a global leader in industrial software, which will be able to better compete on a global scale. When frances schneider electric first agreed to merge its software assets with aveva in.
This strategic acquisition includes all intellectual property rights which will be used to support avevas growing simulation offering for plant owner operators. Schneideraveva deal creates a global leader in software. Sep 04, 2017 aveva first announced it was in talks with schneider for a. List of obermatt pins for achieved performance in the competition uk 200 ranking, united kingdom. Richard longdon appointed chairman of pse albion capital. Aveva acquires global majics simulation software suite.
Third time lucky for schneider, as aveva finally succumbs. The onoff marriage between aveva and schneider electric is definitely off again, apparently for good. British software maker aveva group plc said on friday chief executive richard longdon would step down after 17 years at the helm, just weeks after. Richard longdon, chief executive of aveva photo by aveva aveva group plc announces that it has agreed to acquire fabtrol systems, inc.
The agreement would also give aveva considerably more access to the american market. The supplier of integrated risk management software said richard longdon will be joining ideagen as nonexecutive director on the same date. View richard longdons profile on linkedin, the worlds largest professional community. Richard longdon ideagen, a global supplier of integrated risk management software, has announced a new board appointment following the retirement of one its nonexecutive directors. Richard longdon chief executive james kidd chief financial officer. Aveva boss quits after deal with schneider electric fails. After almost 17 years at the helm, richard longdon is out as ceo at aveva, the process and power design software firm. See the complete profile on linkedin and discover richard s connections and jobs at similar companies. Aveva ceo richard longdon said on a conference call.
Aveva boss quits after deal with schneider electric fails for. Sep 05, 2017 when frances schneider electric first agreed to merge its software assets with aveva in. Process systems enterprise has announced that richard longdon, ceo of aveva group plc, the global provider of engineering software to the process industries, has been appointed as nonexecutive chairman of pse. Richard longdon is on the board of flying kiwi inns ltd. At the time, aveva chief executive richard longdon told the. Aveva group plc is a british multinational information technology company headquartered in cambridge, united kingdom. Jul 21, 2015 schneider electric to take majority stake in aveva. Aveva group plc results for the year ended 31 march 2016 richard longdon chief executive james kidd chief financial officer. Aveva group plc ceo richard longdon to quit at the end of. Aveva managed services limited 01653306 company status active correspondence address town house 49 high street, haslemere, surrey, united. Aveva group cadcentre bis 2001 rechtsform plc ftse.
Longdon spent 33 years with aveva group plc, where he. Alfa financial software holdings plc 107517 company status active correspondence address moor place, one fore street avenue, london, united kingdom, ec2y 9dt. This acquisition provides the software platform for aveva to address the current global need for increased project control, capital discipline, minimising project overruns, and delivering improved efficiency in operations. He has held a number of senior sales and marketing roles with international companies. Jul 08, 2016 software group hit hard after calling off. Engineering is a barometer of global trends and because so much of the worlds engineering relies on aveva technology, to see the encouragingly healthy state of this barometer you need look no further than avevas sustained growth and customer success. Schneider electric to take majority stake in aveva the. Aveva chief richard longdon to step down after merger. Frances schneider electric is combining its software operations with britains aveva to create a business active in sectors ranging from nuclear power to pharmaceuticals and less reliant on oil. Aveva and schneider electric complete industrial software merger. After all, what goes on at aveva, the international engineering design software development company, is hard to. The planned tieup between aveva and schneider electric was officially announced in september 2017 after previous attempts had failed ceo richard longdon, who was active at aveva for over 3 decades, stepped back in the summer of 2016 after a second failed merger attempt. Aveva is the worlds leading engineering it software provider to the plant, power and marine industries. Aveva set to unveil merger with schneiders software division.
Aveva, which broke off talks in december that would have led to the british software producer. Richard longdon is former president at aveva group plc. Software maker avevas head to leave after failed schneider. Aveva chief richard longdon to step down after merger talks. Longdon previously was chairman of process systems enterprise ltd. Our global blue chip customer base continues to entrust us with developing lifecycle engineering data management solutions that will keep their organisations at the forefront of these rapidly expanding. Ideagen, a global supplier of integrated risk management software, has announced a new board appointment following the retirement of one its nonexecutive directors jonathan wearing will step down at the end of november after 16 years, with former aveva group plc chief executive officer, richard longdon, replacing him moving into his position officially from november 1st. Richard longdon chief executive paul taylor finance director. Richard longdon, ceo, aveva commenting on the acquisition, said, now more than ever before, our customers are seeking.
Schneider to join its software assets with aveva automation. Richard longdon personal appointments free information. Jun, 2016 in december, avevas stock plunged by more than 30pc when it reported that six months of talks over a possible tieup had collapsed. Pa is combining its software operations with britains aveva avv.
What schneider electric is thinking, however, has been a subject of considerable speculation. In an orderly transition, longdon will remain as president for 12 months and current chief financial officer james and board member james kidd will. Jul 20, 2015 this deal has a clear and compelling industrial logic, said avevas chief executive richard longdon, who will remain in charge of a group he has led since 1999. Aveva chief executive richard longdon said the acquisition provides the software platform for aveva to address the current global need for. He will become president for a further year when his resignation as ceo takes effect at the end of december. Ideagen names former aveva ceo richard longdon as non. Aveva group plc is a british multinational information technology company headquartered in cambridge, united kingdom aveva grew out of the governmentfunded computeraided design centre, which was established in 1967. Aveva and schneider electric complete industrial software. Richard longdon, ceo of engineering software group aveva, tells uk government to avoid trying to help businesses, because every time you do, you give us more problems.
India is one of avevas most important and fastest growing markets, said richard longdon, ceo, aveva group. Aveva pulls plug again on talks with schneider business. Jonathan wearing will step down at the end of november after 16 years, with former aveva group plc chief executive officer, richard longdon, replacing him. Schneider electric takes control of uk software firm aveva.
Aveva solutions limited, high cross, madingley road, cambridge, united. Richard longdon received an engineering training in the defence industry then gained experience in the project management of high value engineering projects. Schneider to join its software assets with aveva profood. Aveva today announced the acquisition of all assets relating to the advanced visualisation and simulation software of global majic software, inc. The existing board of directors and management of aveva will remain in place on completion, including philip aiken, chairman. See the complete profile on linkedin and discover richards connections and jobs at similar companies.
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