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RNS Number : 7675O

AVEVA Group PLC

01 June 2015

AVEVA Group plc

Acquisition of FabTrol Systems, Inc.

AVEVA Group plc ("AVEVA" or the "Group"; stock code: AVV), one of the world's leading providers of engineering design and information management solutions, announces that it has agreed to acquire FabTrol Systems, Inc. ("FabTrol") from the Dowco Group of Companies ("Dowco") the acquisition is expected to complete by Friday 26 June 2015.

FabTrol is a software business, headquartered in Eugene, Oregon with operations in North America and the United Kingdom, providing fabrication management software to the steel fabrication industry. The consideration of $6.5 million has been funded through AVEVA's existing cash resources. The acquisition is expected to be earnings enhancing in FY16.

The combination of the FabTrol software together with AVEVA Everything3D(TM), which is already integrated with AVEVA Bocad structural steel detailing software, creates a powerful design, detailing and fabrication solution. The FabTrol software expands AVEVA's fabrication portfolio and provides integration across the steel fabrication value chain.

At the centre of the FabTrol software is a highly versatile estimating, material management and production control solution designed to automate and integrate key operations for steel fabrication companies. The benefits of the FabTrol software include faster bid preparation, more accurate and consistent estimating, reduced material and labour costs and improved end-product quality.

FabTrol has a well-established market position with 1400 customers globally with a particularly strong installed base in North America. FabTrol is trusted to manage key process and operations within some of the world's largest construction companies.

Richard Longdon, Chief Executive of AVEVA, commented: "We are delighted to further strengthen our product portfolio. In 2012, AVEVA acquired the industry's most technically advanced steel detailing solution, Bocad. FabTrol is an obvious extension to our portfolio, positioning AVEVA to offer an end-to-end solution for steel design, detailing and fabrication. This latest acquisition will enable us to significantly grow our footprint in this important market."

Enquiries:

 
 AVEVA Group plc                Tel: 01223 556611 or 
  Richard Longdon, Chief         01223 556683 
  Executive 
  James Kidd, Chief Financial 
  Officer 
  Derek Brown, Head of 
  Investor Relations 
-----------------------------  --------------------- 
 Hudson Sandler                 Tel: 020 7796 4133 
  Andrew Hayes / Wendy 
  Baker / Alex Brennan 
-----------------------------  ---------------------

Note: Nothing in this announcement is intended to be a profit forecast or a profit estimate for any period or a forecast of future profits and statements relating to earnings. Accretion or enhancement should not be interpreted to mean that earnings per AVEVA ordinary share for the current or future financial periods will necessarily match or exceed its historical published earnings per share .

This information is provided by RNS

The company news service from the London Stock Exchange

END

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