Cambridge, UK, 3rd June 2010: AVEVA (LSE:AVV), one of the world's leading providers of engineering design and information management solutions, today announced the acquisition of all assets relating to the Oil & Gas business of ADB Systemer AS. This strategic acquisition will expand the AVEVA NET enterprise solution while bringing world-class Operations Integrity Management to owner operators in the Oil and Gas industry.
The ADB Oil & Gas business consists of a team of experienced industry professionals that have been providing plant operators with comprehensive Integrity Management solutions for more than 20 years.
The acquisition includes the WorkMate product suite, which complements and extends the current information management capabilities of AVEVA NET. The WorkMate suite will be tightly integrated with AVEVA NET to provide owner operators with an Operations Integrity Management solution that supports the entire lifecycle of their Plant assets.
As part of AVEVA’s Enterprise Solutions group, the ADB Oil & Gas business, based in Stavanger, Norway, will form the centre of excellence for AVEVA’s Operations Integrity Management solutions. This new arm of the AVEVA Enterprise Solutions group will include a team of highly skilled industry professionals supporting AVEVA globally.
Commenting on the acquisition, Richard Longdon, Chief Executive said, "This strategic acquisition builds on an already successful partnership with ADB Systemer AS and is the obvious next step. AVEVA’s investment brings together world-class technologies and provides us with the opportunity to further extend the value we bring to our plant operations customers through a comprehensive, integrated solution for the operation and management of their assets.”
Jan Edvin Pedersen, Director of ADB Systemer AS said: "We are delighted to share our future with an industry leader such as AVEVA. Our combined solutions will provide our customers with unparalleled capability in terms of product offering and business value supported through an experienced team of industry professionals.“
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About AVEVA Group plc
AVEVA is trusted around the world for delivering engineering design and information management solutions with compelling value propositions to leading companies in the plant and marine industries. For further information please visit www.aveva.com or www.aveva.com/ednotes