Updated:
AVEVA Group Plc
AVEVA Group Plc was founded in 1967 at the University of Cambridge as a spinout from the Computer-Aided Design Centre, commercializing early...
AVEVA Group Plc
AVEVA Group Plc was founded in 1967 at the University of Cambridge as a spinout from the Computer-Aided Design Centre, commercializing early computer-aided design (CAD) tools for industrial use. The company went public on the London Stock Exchange in 1996 and grew through a series of strategic acquisitions, including the 2018 merger with Schneider Electric's software division, which created a combined entity with over 4,000 employees. AVEVA's products — including AVEVA E3D Design, AVEVA Unified Engineering, and AVEVA PI System — provide end-to-end digital twins for the full lifecycle of industrial assets, from design and construction to operations and maintenance. AVEVA's customer base spans energy, oil and gas, chemicals, power generation, mining, and manufacturing. The company's software is used by 20 of the top 20 energy companies globally (per AVEVA's public filings, 2024). Key deployments include Shell's digital twin for offshore platforms and BP's use of AVEVA's simulation software for refinery optimization. AVEVA also partners with hyperscale cloud providers like Microsoft Azure and Amazon Web Services to deliver cloud-native industrial IoT solutions. In January 2023, French conglomerate Schneider Electric completed its £9.4B acquisition of AVEVA, consolidating its stake from 60% to full ownership (per Reuters, January 2023). As a result, AVEVA became a wholly owned subsidiary of Schneider Electric, delisting from the London Stock Exchange. The company maintains its headquarters and R&D operations in Cambridge, with additional offices in London, Houston, and Singapore. AVEVA's structural differentiator lies in its heritage as a university spinout that evolved into a publicly traded industrial software powerhouse before being absorbed into a larger electrification and automation conglomerate. Its digital twin technology — which creates live, data-linked virtual replicas of complex industrial systems — positions it as a critical infrastructure software provider in an era of energy transition and AI-driven operational optimization.
General information
Firm type
other
Year founded
1967
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
Cambridge
Corporate office
Cambridge, United Kingdom
Sector focus
Frequently asked questions
What is AVEVA's core business?
AVEVA provides industrial software for the full lifecycle of capital-intensive assets, including design, engineering, operations, and maintenance. Its flagship products include AVEVA E3D Design for 3D plant design and AVEVA PI System for real-time operational data management, serving industries like energy, chemicals, and manufacturing.
Who owns AVEVA Group Plc?
AVEVA is a wholly owned subsidiary of Schneider Electric, following the completion of a £9.4B takeover in January 2023 (per Reuters). Prior to that, AVEVA was publicly traded on the London Stock Exchange under the ticker AVV.
What is a digital twin in AVEVA's context?
AVEVA's digital twin is a data-linked virtual replica of an industrial asset — such as an oil platform or power plant — that mirrors its physical state in real time. Operators can simulate scenarios, predict maintenance needs, and optimize performance without touching the physical asset.
Which industries does AVEVA serve?
AVEVA serves the energy, oil and gas, chemicals, power generation, mining, and manufacturing sectors. The company reports that 20 of the top 20 global energy companies use its software (per AVEVA's public filings, 2024).
How does AVEVA relate to Schneider Electric?
Schneider Electric, a French multinational specializing in energy management and automation, owned 60% of AVEVA before acquiring the remaining shares for £9.4B in 2023. AVEVA now operates as a Schneider Electric subsidiary, combining its industrial software with Schneider's hardware and systems integration.
Where is AVEVA headquartered?
AVEVA's headquarters are in Cambridge, United Kingdom, where it was founded in 1967 as a spinout from the University of Cambridge's Computer-Aided Design Centre.
Does AVEVA have a venture capital arm?
No, AVEVA does not maintain a dedicated venture capital or investment arm. Its innovation comes through R&D and acquisitions, such as its 2022 acquisition of AI startup TriSen for maintenance optimization (per AVEVA's public filings, 2022).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: