Aveva acquires assets of Global Majic Software for undisclosed sum

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.

The acquired products enable life-like virtual walk-through of the digital plant enabling Plant Operators to conduct inspection planning, plant familiarisation, maintenance reviews and training while minimising the need to expose staff to hazardous on-site working.

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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