Aveva

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AVEVA Group plc
Holding company
(Public limited company)
Traded as LSEAVV
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)
James Kidd[1] (CEO)
Products See below
Revenue £215.8 million (2017)[2]
£44.8 million (2017)[2]
£38.1 million (2017)[2]
Website www.aveva.com

AVEVA Group plc[3] 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,[4][5] 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.[6]

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)[5] 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.[7]

Along with the Cambridge Science Park, CADCentre was one of the original companies involved in what became known as the Cambridge Phenomenon – the transformation of Cambridge from a university town into one of the world's high technology centres within a few years in the late 1970s and early 1980s.[4]

CADCentre became a private company in 1983,[5] was the subject of a management buyout[8] in 1994[9] and became a publicly quoted company in 1996.[9] It changed its name to AVEVA in 2001.[10]

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.[11]
  • On 31 March 2005, the company acquired Realitywave, Inc., developers of a web collaboration and streaming platform, for £3.2 million.[12]
  • 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.[13]
  • 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.[14]
  • 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.[14]
  • 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.[15]
  • On 23 May 2012, AVEVA announced the acquisition of the Belgium and Germany-based Bocad group of companies, a provider of building information modeling[16] software for GBP14 million. The acquisition strengthened AVEVA's 3D structural detailing capabilities for the plant, marine and construction markets.[17]
  • 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.[18]
  • 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.[19][20]

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.[21]
  • Schneider Electric is now the largest shareholder with a 60% ownership interest.[22]

Operations

AVEVA has 80+ offices in more than 40 countries.[23]

Products and services

The company provides engineering design, CAD/CAM, process simulation, operator training simulator, augmented reality, advanced process control, supply chain management, information management, Manufacturing Execution System, pipeline leak detection, Enterprise Asset Management, predictive analytics, enterprise historian, SCADA and HMI software. Specialised technology consulting services are also provided. The company serves clients in the Chemicals, Food and Beverage, Infrastructure, Manufacturing, Marine, Mining, Oil and Gas, Pharmaceuticals, Power, Utility, Water and Wastewater industries.[24] The company works with an extensive partner network to deliver its software and services.

It is organised into three divisions: Plant solutions,[25] Marine solutions[26] and Enterprise solutions.[27]

Leadership

Recent leadership of the company has been:

  • Chairman (Non-Executive):
  • Chief executive officer (CEO):
    • Richard Longdon (Dec 1999 – Dec 2016)[8][32]
    • James Kidd (Jan 2017 - Feb 2018)[1]
    • Craig Hayman (Feb 2018 - Present)[1]

References

  1. ^ a b c "AVEVA - Board of Directors". aveva.com. Archived from the original on 13 May 2012. Retrieved 23 March 2015. 
  2. ^ a b c "Annual Report 2017" (PDF). Aveva. Retrieved 19 March 2018. 
  3. ^ "About AVEVA Group plc". AVEVA. Archived from the original on 10 May 2011. Retrieved 17 April 2011. 
  4. ^ a b "Exploding the Myths of UK Innovation Policy: How 'Soft Companies' and R&D Contracts for Customers Drive the Growth of the Hi-Tech Economy" (PDF). aveva.com. January 2010. Archived from the original (PDF) on 16 December 2011. Retrieved 18 July 2012.  by David Connell and Jocelyn Probert Centre for Business Research, University of Cambridge
  5. ^ a b c "AVEVA Group History : 1967–1984". AVEVA. Retrieved 12 October 2011. 
  6. ^ "Design disciplines". New Scientist. 25 November 1976. Retrieved 15 April 2017. 
  7. ^ Petersen, J.K. (2002). The Telecommunications Illustrated Dictionary. CRC Press. p. 526. 
  8. ^ a b "AVEVA – 3D with a difference | Cambridge-news.co.uk". Cambridge-news.co.uk. Retrieved 24 Oct 2011. 
  9. ^ a b "AVEVA Group History : 1985–1999". AVEVA. Retrieved 12 October 2011. 
  10. ^ "AVEVA Group History : 2000–2005". AVEVA. Retrieved 12 October 2011. 
  11. ^ "Aveva buys Tribon for £19m". Citywire. 21 April 2004. Retrieved 6 April 2012. 
  12. ^ "Viva Aveva!". Citywire. 18 May 2005. Retrieved 6 April 2012. 
  13. ^ "Aveva acquires IDO software from iDesignoffice". The Engineer. 31 March 2009. Archived from the original on 5 May 2013. Retrieved 6 April 2012. 
  14. ^ a b "AVEVA Acquires Logimatic's MARS Business and Oil and Gas Business of ADB Systemer AS". Desktop Engineering. 7 June 2010. Retrieved 6 April 2012. 
  15. ^ "AVEVA acquires the LFM software division of Z+F UK". ShareCast. Retrieved 25 October 2011. 
  16. ^ "Innovation and Creativity with BOCAD Software". mssa.org.my. Retrieved 23 May 2012. 
  17. ^ "AVEVA acquires BOCAD". globalprintmonitor.info. 23 May 2012. Archived from the original on 18 February 2013. Retrieved 23 May 2012. 
  18. ^ "AVEVA acquires Global Majic's simulation software suite". mining.com. 17 December 2012. Retrieved 17 December 2012. 
  19. ^ "AVEVA Acquires Software Business 8over8 For GBP26.9 Million". morningstar.co.uk. 5 January 2015. Retrieved 5 January 2015. 
  20. ^ "Press Release | AVEVA acquires 8over8 Limited". aveva.com. 5 January 2015. Retrieved 5 January 2015. 
  21. ^ "Aveva set to be acquired by Schneider Electric". Financial Times. 4 September 2017. Retrieved 19 March 2018. 
  22. ^ "Schneider Electric Press Release" (PDF). 
  23. ^ "AVEVA Celebrates its First 45 Years". 13 June 2012. Retrieved 18 July 2012. 
  24. ^ "Schneider Electric Software Solutions by Industry | Schneider Electric Software". Schneider Electric Software. Retrieved 2018-05-16. 
  25. ^ "AVEVA Plant Solutions". AVEVA. Retrieved 12 October 2011. 
  26. ^ "AVEVA Marine Solutions". AVEVA. Retrieved 12 October 2011. 
  27. ^ "AVEVA Enterprise Solutions". AVEVA. Retrieved 17 April 2011. 
  28. ^ "AVEVA Board of Directors – Annual Report 2004" (PDF). AVEVA. Retrieved 24 Oct 2011. 
  29. ^ a b "Richard King, CBE retires from AVEVA Board on 31 March 2006". investegate.co.uk. Retrieved 24 Oct 2011. 
  30. ^ "Appointment of Nick Prest as Chairman | AVEVA Press release 12 January 2006". AVEVA. Retrieved 24 Oct 2011. 
  31. ^ a b "Press Release | AVEVA announces a change of Chairman". aveva.com. 26 April 2012. Retrieved 26 April 2012. 
  32. ^ "Richard Longdon Appointed Chief Executive, Cadcentre Group PLC | Investegate.co.uk 1 December 1999". Investegate.co.uk. Retrieved 24 Oct 2011. 

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External links

  • AVEVA – 3D with a difference | Cambridge-news.co.uk
  • The Sunday Time -7 June 2010 AVEVA on technology challenges
  • AVEVA global expansion strategy in Latin America, China and India on track.
  • The Telegraph – 2 Oct 2011 AVEVA threatens to leave UK over 50p tax
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