French Schneider Electric (SchneiderElectric) will conduct a reverse merger of its software division will merge with British companies Aveva, to create a global leader in the field of industrial software. Schneider Electric said it will pay 550 million pounds ( $ 858 million ) for the purchase of Aveva's new shares. Aveva is a ship, factory and nuclear power plant design company. The two companies said that Schneider Electric will own a 53.5% stake in the combined Aveva company. The latter continues to be listed on the London market, with a market capitalization of approximately £ 1.3 billion at current stock prices. In this transaction, Schneider Electric will combine the assets purchased from Invensys in the UK two years ago with Aveva and will pay Aveva the cash upon completion of the transaction.  Handlebar Switch,Motorcycle Handlebar Switches,Motorcycle Switchgear,Handlebar Light Switch Wenzhou Howshine Auto&Motor Fitting Co.,Ltd. , https://www.howshine-motor.com
Schneider Electric will acquire Aveva