- Business
- AVEVA Group plc is a global provider of industrial engineering and software solutions primarily serving the plant, power, and marine industries. The company offers a comprehensive range of software products including industrial design and engineering software, asset performance management (APM) solutions, plant simulation, production optimization, and resource management systems. AVEVA’s product portfolio encompasses engineering design software (notably AVEVA E3D Design), industrial AI assistants, operational control solutions, and the AVEVA CONNECT industrial intelligence platform, which supports digital twin visualization, data unification, AI analytics, and cloud-based collaboration. Its services also include software subscription rentals, licensing, support, and maintenance services distributed across Europe, the Americas, and Asia-Pacific.
Founded in 1967 and headquartered in Cambridge, UK, AVEVA operates globally with a strategic focus on hybrid cloud-based subscription models. A major recent change includes its full acquisition by Schneider Electric in early 2023, enabling the company to accelerate growth, drive R&D investment, and enhance product integration within Schneider Electric’s broader portfolio. Recent initiatives involve strategic partnerships with Databricks and Track’em to expand its enterprise resource management capabilities, launching AI-powered tools to improve project engineering efficiency and operational performance, and expanding into managed solution provider programs. Additionally, AVEVA continues to innovate with new software offerings such as the AVEVA Industrial AI Assistant, unified engineering platforms, and enhanced manufacturing execution systems. It has also invested in expanding its operations, including a significant investment in its Northern Ireland site in Derry.
AVEVA’s solutions target large-scale industrial customers in sectors such as oil and gas, mining, power generation, marine, and manufacturing, with a focus on digital transformation, sustainability, and operational resilience. The company’s sales are geographically diverse, with substantial revenue contributions from the EMEA, Americas, and Asia-Pacific regions. AVEVA’s integration within Schneider Electric strengthens its position in delivering integrated energy and industrial software solutions, accelerating its transition to a digital subscription economy and broadening its reach across global markets. This includes ongoing enhancement of its portfolio to incorporate AI, cloud computing, and data-driven industrial intelligence technologies.