First came the cost cuts, now come the growth targets. Aveva, which develops engineering and industrial software, including for the oil and gas market and its suppliers, is impressing mightily on both fronts.
Six months after its merger with Schneider, of France, the business seems to be going from strength to strength. Its shares are highly rated and it’s not hard to see why.
Aveva, created in 1967 as a spin-out from the University of Cambridge, is a pioneer of 3D computer-aided design. It creates software that helps industry to execute processes and big projects digitally. It also makes the whizzy software that helps with simulations and designs.
It completed its reverse takeover of Schneider Electric in March, sealing a combination that had failed