AVEVA’s $5 Billion Acquisition of OSIsoft

By: Sally Marshall, Izer Onadim, Valeriya Shreyber, Max Raso (Imperial College London), Zahra Malik, Devangini Vanalia and Deimante Chailenko (University of Manchester)

 

Overview of the deal


Acquirer: AVEVA

Target: OSIsoft

Total Transaction Size: $5Bn

Target advisor: Lazard


AVEVA has entered into an agreement to buy a SoftBank-backed US rival, OSIsoft, leading to one of the largest deals struck by a UK technology company. The purchase of OSIsoft will provide full-stack end-to-end solutions and accelerate digital transformational strategies. The integration of OSIsoft’s PI system data management software with AVEVA’s own operations and performance products will create an integrated data foundation that will drive big data insights to help customers. AVEVA and OSIsoft will further deliver on their sustainability goals, driving significant benefits for their customers.


"Combining AVEVA and OSIsoft is yet another significant milestone in our journey to achieving the ambitious growth goals that we have set." - Craig Hayman, CEO of AVEVA

Company Details: AVEVA


AVEVA Group PLC is a British multinational information technology company based in Cambridge, England; it started as the Computer-Aided Design Center. It is listed on the London Stock Exchange and is part of the FTSE 100 Index.


Founded in 1967, headquartered in Cambridge, England

CEO: Craig Hayman

Number of employees: 4600

Market Cap: $8.16B (as of March 2020)

EV: $10.9

LTM Revenue: £833.8 million

LTM EBITDA: £241 million

LTM EV/Revenue: x6.62

LTM EV/EBITDA: x22.9


Company Details: OSIsoft


OSIsoft, LLC is a manufacturer of application software for real-time data management, called the PI System. It is privately held.

Founded in 1980, headquartered in San Leandro, California.

CEO: J. Patrick Kennedy

Number of employees: 1300 (2016)