back to article Brit software biz Aveva stumps up $5bn for OSIsoft as Softbank cashes out

UK-based engineering software group Aveva will pay $5bn for rival OSIsoft, it announced on Tuesday. The bulk of the money – $4.4bn – will be in cash, with $3.5bn of it raised through a rights issue. The deal “strengthens our position as a global leader in engineering and industrial software,” Aveva said in a statement: both …

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