Aveva Group PLC Overview
Company Headquarters: UK
Founded: 1967
Workforce: ~6,500
Company Working: AVEVA Group PLC (AVEVA) is engaged in providing industrial engineering software solutions for the process plant, power, and marine industries. It offers asset performance management, engineering, procure and construct, operate and optimize, and monitor and control solutions. It also offers products for different technologies, including industrial Internet of things (IIoT), cloud, edge, advanced 3D visualization, and artificial intelligence. The asset performance management (APM) software portfolio addresses the challenges faced by industries related to artificial intelligence, industrial big data, cloud, digital twin, and augmented reality. The company's SCADA, HMI, and control solutions are used to segregate raw information into valuable insights that reveal new opportunities. AVEVA Connect is a unified industrial software platform that provides AVEVA E3D, Asset Visualization (NET) AVEVA ERM, AVEVA LFM, AVEVA NET, PRO/II Process Engineering AVEVA ProCon, Dynamic Simulation (DYNSIM), and cloud-based sandbox. The company offers its software solutions to various industries, including oil and gas, power, and utility, marine, paper and pulp, chemical, infrastructure, life sciences, food and beverages, steel fabrication, waste and wastewater, and mining.
Strategy
AVEVA Group PLC follows both organic and inorganic growth approaches. Since 2018, it has been primarily focusing on inorganic growth, under which, it emphasizes acquisitions and partnerships; for instance, it signed an agreement with Covestro, a leader in polymer solutions, to transform its process engineering and simulation. The partnerships also help the company to expand its customer base through cross-selling and up-selling of its products and services, thereby increasing its share in the global asset performance management market.
