It had AVV, 3.72%, said it was buying OSIsoft for $ 5 billion in a mostly cash transaction to expand its position in industrial software. Aveva buys the company 53% owned by its founder and 45% by SoftBank 9984, + 2.44% to create a company with revenues of around 1.2 billion pounds and adjusted EBIT of around 330 million. pounds, a margin of 28%. Schneider Electric SU, shareholder of Aveva, 1.09%, which owns 60% of the British company, votes for the transaction and will participate in the sale of 3.5 billion dollars of shares at a reduced price, or issue of rights, to finance the acquisition. OSIsoft founder Dr. J. Patrick Kennedy will become Chairman Emeritus and will own approximately 4% of the combined company.