Swedish Pension Fund News

AVEVA Group, has announced the proposed acquisition of Tribon Solutions AB. Since 1967, AVEVA, formerly known as Cadcentre, has been providing IT solutions and services to the process, power and offshore industries. A recent survey of all CAD designed facilities in the North Sea shows a large proportion of all Crude Oil production in that region is processed by facilities designed with AVEVA Solutions. Similar figures relate to the global power, petrochemical and pulp and paper industries. Marine design, specifically that of hulls and other floating structures, poses specific challenges and practices not seen in plant design or ship outfitting -- sectors in which AVEVA already has established strength.