25-08-2020 Accelerate digital transformation of industrial world

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Announcement August 2020

News & Press

PRESS RELEASE
August 25, 2020

AVEVA AND OSISOFT COMBINE, ACCELERATING DIGITAL

TRANSFORMATION OF INDUSTRIAL WORLD
Combined Product Offering to Support Customers in Optimizing Operations,
Driving Sustainability and Creating Greater Value

LONDON, UK and SAN LEANDRO, California - 25th August 2020 -

AVEVA, a global leader in industrial software, and OSIsoft, a global leader in
real-time industrial data software and services, have announced an agreement
for AVEVA to acquire OSIsoft for $5.0 billion. AVEVA and OSIsoft will combine
their complementary product offerings, bringing together industrial software
and data management to help customers in industrial and essential
organizations accelerate their digital transformational strategies as efficiency,
flexibility, sustainability and resilience become increasingly urgent requirements
for customers.
OSIsoft's data management software will complement AVEVA's comprehensive
end-to-end engineering, operations, and performance offerings. Integrating
OSIsoft's PI System into AVEVA's comprehensive software portfolio will create
an integrated data foundation that can drive big data, Cloud and AI-driven
insights to create meaningful business outcomes for customers. This
combination enables AVEVA to grow and diversify the industries it serves as
well as continue to expand its footprint in existing and new markets and
geographies.
Together, AVEVA and OSIsoft can provide full-stack solutions that span edge,
plant, and enterprise deployment models, strengthening AVEVA's position as a
global leader in industrial software. With a combined 93 years of operating
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expertise and experience, they share a history of meeting the rapidly changing
and evolving needs of their industrial customers, built on foundations of
customer centricity and world-class talent. In addition to sharing a
(/) this transaction further validates AVEVA's
complementary solutions portfolio,
leading position in digitization and IIoT.
OSIsoft's PI System enables customers to collect, normalize, store, and stream
real-time, high-fidelity operational data to applications, analytics, and AI and ML
platforms. PI System acts as a single system of record for operations data,
designed for massive cloud-enabled scale and data sharing across enterprises,
and enables insightful operations decision making. OSIsoft works with over
1,000 of the world's leading power and utilities companies, 38 of the Global
Fortune Top 40 oil and gas companies, all of the Global Fortune Top 10 metals
and mining companies, 37 out of 50 of the world's largest chemical and
petrochemical companies and 9 out of 10 of the Global Fortune Top 10
pharmaceutical companies.  

Building Stakeholder Value and Improving Sustainability

The complementary product offerings of AVEVA and OSIsoft will allow the
combined company to continue to generate significant value for its
stakeholders by creating new opportunities for innovation using new and
emerging technologies. The two product suites are open and interoperable, and
many customers leverage both solution sets today. As a combined entity,
AVEVA and OSIsoft can further deliver on their sustainability goals, driving
significant benefits and value for their customers. With broader, deeper scale
and scope to lead the digital transformation of the industrial sector, the
combined company will drive greater efficiencies and sustainability for many
diverse essential industries, including consumer packaged goods (CPG),
pharmaceutical, water and wastewater, and utilities, creating strengthened
product offerings.
Commenting on the agreement, Craig Hayman, CEO of AVEVA, said:
“Combining AVEVA and OSIsoft is yet another significant milestone in our
journey to achieving the ambitious growth goals that we have set. This will not
only help us serve existing customers better but also open the flood gates to
new opportunities which will accelerate the delivery of our digitization vision.
Data has been enabling organizations to more effectively determine the cause
of problems by allowing them to visualize what is happening in different
locations, departments and systems.  This agreement will enable our customers
to improve business processes as well as eliminate inefficiencies. We are

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extremely proud to be moving into the next chapter with an even stronger
solutions portfolio as well as an ever-increasing and robust customer base
which continues to make us leaders in our sector.”
(/)
OSIsoft founder and CEO Dr. J. Patrick Kennedy added: “Joining forces with
AVEVA enhances and extends our ability to deliver on our key commitments to
our customers, partners and employees. Together we will be better able to
service the largest digital transformation projects in history, including across
industry 4.0+ and IIoT. AVEVA's interest in OSIsoft is a testament to our talented
team, and the extraordinary value of the PI System as the real-time streaming
data infrastructure that powers the industrial world. Today's announcement is
the culmination of a thoughtful search for a respected organization that would
mesh with our own strong mission- and customer-driven culture.  The next
chapter in PI's fifth decade will be exciting for our employees and customers,
and I look forward to my continued involvement in my new role as the largest
individual shareholder in the combined company and as Chairman Emeritus to
ensure we realize the full benefits of this transaction.”
 

-ENDS-
 
NOTE TO EDITORS:

This is an abbreviated press release. For further details about this

announcement, please refer to the Regulatory News Service at:
https://investors.aveva.com/ (https://investors.aveva.com/)
 

OSIsoft ownership
OSIsoft is currently owned by three shareholders:
Estudillo Holdings Corp. (“Estudillo”), a company majority owned by Dr. J. Patrick
Kennedy and his family
SB/OSI, Inc. (“SoftBank”), a company owned by SoftBank Group; and
MDT Holdings, Inc. (“Mitsui”), a company owned by Mitsui Group.
 

About AVEVA:

https://www.osisoft.com/accelerate-digital-transformation-of-industrial-world.html?mkt_tok=eyJpIjoiTnpobVlqRTFOMlkzTmpZNCIsInQiOiJwZThlZHM5… 3/6
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AVEVA is a global leader in engineering and industrial software driving digital

transformation across the entire asset and operations life cycle of capital-
intensive industries. The company's engineering, planning and operations, asset
performance, and monitoring and(/) control solutions deliver proven results to
over 16,000 customers across the globe. Its customers are supported by the
largest industrial software ecosystem, including 4,200 partners and 5,700
certified developers. AVEVA is headquartered in Cambridge, UK, with over
4,400 employees at 80 locations in over 40 countries. For more details visit:
https://www.aveva.com/en/ (https://www.aveva.com/en/)

About OSIsoft:
For 40 years, the world's most essential and complex industries have relied on
OSIsoft to manage the lifeblood of the industrial enterprise: operational data.
OSIsoft's market-leading PI System is the proven system of record for
operational data in essential industries: power generation and utilities, water, oil
and gas, mining, manufacturing, pharmaceutical, facilities, transportation, and
more. Every day, industrial professionals in 127 countries rely on PI System to
improve operational performance, protect health and safety, keep the lights on,
and make the world run more smoothly. Learn why two-thirds of Global Fortune
500 industrial organizations choose PI System at www.osisoft.com
(http://www.osisoft.com/)
 
PRESS CONTACTS:

 
OSIsoft:
AVEVA:                                                          
Sard Verbinnen & Co
Rose Bambi
Emily Claffey / Ben Spicehandler /
Senior Director,
Tori Goodell
PR and External Relations
+1 (212) 687-8080
Rose.bambi@aveva.com
OSIsoft-SVC@sardverb.com
(mailto:Rose.bambi@aveva.com)  
(mailto:OSIsoft-SVC@sardverb.com)

 
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Emily Claffey /
Ben Spicehandler /
Tori Goodell
+1 (212) 687-8080 (/)
OSIsoft-SVC@sardverb.com (mailto:OSIsoft-SVC@sardverb.com)

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