Schneider Electric Explores Acquiring Remaining Stake In Aveva

• Schneider Electric SE (OTC: SBGSY) weighed the complete takeover of U.K.-based software developer Aveva Group Plc (OTC: AVVYY), the Financial Times reports.

• The French conglomerate explored scooping the remaining 40% of Aveva that it does not already own. Schneider Electric specializes in digital automation and energy management.

• Cambridge-based Aveva warned against the Ukraine war and higher staffing costs hampering its revenue growth and margins for this financial year.

• Aveva lately sought to expand its client base outside its traditional strengths in the oil and gas industry.

• Schneider has a deadline of September 21 to make an offer for Aveva.

• The predictive emission monitoring systems market will likely reach $14.2 billion by 2030, registering a 7.2% CAGR throughout the forecast period (2021–2030).

• The growing use of PEMSs in gas turbines to predict emission levels based on fuel composition and ambient & machine operating conditions while considering real-time degradations boosts the market size.

• Price Action: SBGSY shares traded higher by 0.31% at $25.56 on the last check Wednesday.

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