18th Mar 2021 09:42
(Alliance News) - Aveva Group PLC on Thursday said it has received the required clearance by the Committee on Foreign Investment in the United States ahead of the completion of its acquisition of real-time data management software provider OSIsoft.
The FTSE 100 information technology firm has now received all required antitrust and regulatory clearances and said it expects to complete the deal shortly.
Aveva first announced it was acquiring OSIsoft for USD5.0 billion back in November. At the end of January, the parties involved in the acquisition entered a period of up to 45 days to allow more time for further review and discussion with the CFIUS, at the time expecting clearance by early February.
"The board is looking forward to the completion of the transaction and remains excited about the value that the combination will deliver to Aveva's customers, partners and investors," the group stated in January.
Shares in Aveva were up 1.8% at 3,437.51 pence in London on Thursday.
By Zoe Wickens; [email protected]
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