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Eversheds Sutherland advises AVEVA on the sale of the software distribution division to FACTORY Systèmes

  • Germany

    23-03-2020

    The international law firm Eversheds Sutherland advised the industrial software provider Aveva on the sale of the German and Austrian distribution division to the French software group FACTORY Systèmes.

    The British Aveva Group plc, a major part of which belongs to the French industrial group Schneider Electric, has so far operated the distribution of its software solutions in Germany and Austria through its direct subsidiary Schneider Electric Software Germany GmbH. With the sale to FACTORY Systèmes, AVEVA does not completely retire from the distribution business. The transaction was preceded by a carve-out of certain product lines which AVEVA continues to distribute directly.

    AVEVA is a world leading provider of engineering and industrial software which pushes forward the digital transformation of capital-intensive industries throughout the entire asset and business life cycle. AVEVA software is successfully used in various areas, such as in the processing of oil and gas, the chemicals, pharmaceuticals, paper and pulp industry, in the energy generation as well as the shipbuilding industry. AVEVA has its headquarters in Cambridge, Great Britain, and employs more than 4,400 employees at 80 locations in more than 40 countries.

    FACTORY Systèmes, with its headquarters in Champs-sur-Marne, France, is a group specialising in industrial system and software solutions which offers its customers in particular applications for the performance of their distribution activities. In this context, FACTORY Systèmes had already worked in intensive cooperation with AVEVA for several years.

    An Eversheds Sutherland team led by Sven Schweneke (Partner, Corporate/M&A, Munich) advised AVEVA on the transaction. Other team members were the Partners Dr. Manuela Rauch (Employment and Labour Law, Munich), Dr. Rolf Kowanz (Company Pension Schemes, Hamburg) and Dr. Simon Weppner (Tax), the Counsels Nils Müller (Data Protection and Commercial, Munich) and Merle Templin (Company Pension Schemes, Hamburg) as well as the Associates Dr. Christian Lindner (Corporate/M&A), Claudia Kuhn (Employment and Labour Law, both Munich) and Niklas Schilawa (Tax, Düsseldorf).

    In-house, the transaction was led by Steve Halsey (San Diego) as well as Karen McCormack and Dan Graham (both M&A, Cambridge).

    For more information contact

    Sven Schweneke, Partner

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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