Engineering design provider Aveva Group has acquired the assets of US-based Global Majic Software for an undisclosed consideration.
The acquisition brings simulation products that complement Aveva's existing visualisation technology by providing an immersive environment enabling virtual access to plant facilities.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The acquisition additionally brings a small team of simulation specialists to Aveva who develop, distribute and support the Global Majic products. They will become part of Aveva's simulation development team.
Aveva Group's share price was up 0.24% to 2,093p at 12:00 on Monday.
MF
-
Sachin Dev Duggal's Builder.ai – the first big AI bustSachin Dev Duggal's Builder.ai start-up claimed it could use artificial intelligence to build apps. Its revenues turned out to be equally artificial
-
How Trump's dog deals will damage global trade with the USOpinion Some commentators are hailing Trump’s trading savvy. Are they right?
