Aveva Outlines Its Technology Plans

By David Greenfield Editor-in-Chief

With the recent acquisition of Aveva by Schneider Electric (which already owned a sizable stake in the company), many current and perspective users may be wondering about the future direction of the company. Aveva executives sought to clarify this at the Aveva World 2022 event in San Francisco.

Peter Herweck, CEO of Aveva, said Aveva will continue to operate as a separate company under the Schneider Electric umbrella. “Aveva will become a private operation in a large, publicly listed company.” He added that Schneider Electric is Aveva’s “largest client today” and most of Aveva’s software is already part of Schneider Electric’s technology offerings.

With Aveva’s stated goal of bringing together its technologies into one end-to-end, artificial intelligence-infused software for engineering and