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 steps are being taken to move forward with the current deal?

What are the expected benefits of being a specialist software company?