ANNOUNCEMENT 18 Mar 2021

In March 2021, AVEVA Group PLC announced receiving clearance from the Committee on Foreign Investment in the United States (CFIUS) concerning the acquisition of OSIsoft, LLC.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

AVEVA Company News, “Acquisition of OSIsoft, LLC (OSIsoft): Update re CFIUS clearance”. Available at: https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=3884728&lang=en-GB&companycode=uk-avv

AVEVA Company News, “Completion of Acquisition of OSIsoft, LLC ('OSIsoft')”. Available at: https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=3885136&lang=en-GB&companycode=uk-avv

Inception date: 18 Mar 2021 | Removal date: open ended

FDI: Entry and ownership rule

On 18 March 2021, AVEVA Group PLC announced obtaining clearance from the Committee on Foreign Investment in the United States (CFIUS) concerning the acquisition of OSIsoft, LLC. On 19 March 2021, AVEVA announced the completion of the acquisition of OSIsoft. The value of the transaction was USD 5 billion.

AVEVA Group is a British holding company developing and marketing engineering and industrial software. OSIsoft is an American software developer company.

CFIUS is an inter-agency committee of the United States Government that is authorized to review the national security implications of foreign investments in U.S. companies or operations.

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS