Acquisition of Logimatic Software A/S

3 June 2010

AVEVA Group plc

Acquisition of Logimatic Software A/S

AVEVA Group plc ("AVEVA" or the "Group"; stock code : AVV), one of the world's leading providers of engineering design and information management solutions, today announces the acquisition of a Danish company, Logimatic Software A/S ("Logimatic") for cash consideration of approximately £12.8 million funded from existing cash resources. The acquisition extends AVEVA's logistics and materials management offering in the Plant and Marine industries.

AVEVA Solutions Limited (a 100% subsidiary of AVEVA Group plc) is acquiring 100% of the ordinary shares of a Danish company, Logimatic, from its parent company, Logimatic Holdings A/S and certain shareholders. The consideration of €14.5 million (approximately £12.8 million) includes deferred consideration of €1.5 million (approximately £1.3 million).

Logimatic develops and markets the MARS suite of software products, which provide a dedicated solution to optimise project control, logistics, materials management, production, resources and planning so as to reduce cost and build time.

The acquisition provides the platform for AVEVA to deliver a completely integrated material management and construction planning solution to the Plant industry. In addition, the acquisition strengthens AVEVA's existing Product Lifecycle Management (PLM) offering in the Marine industry with material control and production planning capabilities.

The strategic acquisition of the MARS products and services will be merged into the Group as part of the AVEVA NET solution. The proven MARS portfolio will extend AVEVA's asset lifecycle offering and bring substantial domain expertise to the Group. The MARS product suite will be sold through AVEVA's direct sales force.

This acquisition is expected to complete on 30 June 2010.

Commenting on the acquisition, Richard Longdon, Chief Executive, said "The acquisition of Logimatic further strengthens AVEVA's market position in the Plant and Marine industries. AVEVA NET remains a strong focus for the business as our customers increasingly look to technology solutions to manage both new and brownfield assets. By bringing together highly skilled industry professionals with unrivalled industry knowledge, proven products, solution delivery capacity and strong customer relations, this acquisition strengthens our position within this market which will enable us to capitalise on the growing opportunities."

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