18th May 2015 05:41
LONDON (Alliance News) - Engineering software company Aveva Group PLC is understood to be an acquisition target for a slew of US and European suitors, The Sunday Times reports.
Senior City sources told the newspaper that Aveva is likely to be targeted by French energy group Schneider Electric SA, US conglomerate General Electric Co, and US-based manufacturer Emerson Electric Co.
Aveva is set to publish its full-year results on Tuesday following a difficult year compounded by a profit warning it issued in September.
By Sam Unsted; [email protected]; @SamUAtAlliance
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