Aveva Chairman Says 'Pretty Confident' on Schneider Deal

The transcript discusses a deal involving Schneider's software business, which was not feasible in 2015 due to the lack of a carved-out business structure. Now, with a legal and operational separation, a new arrangement is set, with a prospectus being sent and a shareholder vote planned. The deal allows Schneider to hold over 60% of the business, aiming to create a standalone industrial software company. This move is expected to position the group as a global leader in engineering and industrial software, providing opportunities for growth and future prospects.

What was a significant change made by Schneider to facilitate the deal this time?

• They increased their workforce.

• They reduced their market share.

• They partnered with another company.

• They carved out their software business legally and operationally.

What is the main reason for Schneider's interest in taking a significant holding in the business?

• To increase their workforce.

• To reduce competition.

• To establish a standalone industrial software company.

• To diversify into new markets.

What percentage of the business is Schneider aiming to hold?

• Less than 30%

• More than 60%

• Around 40%

• Exactly 50%

What is the expected outcome for the new standalone company?

• To diversify into unrelated industries.

• To focus solely on local markets.

• To merge with another tech giant.

• To become a global leader in engineering and industrial software.

What advantage does being a specialist software company provide?

• It allows for a reduction in operational costs.

• It limits the company's growth potential.

• It increases dependency on external partners.

• It enables the company to focus on existing business and explore future opportunities.