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Aveva Group News

01 Jun 2015

AVEVA to Acquire FabTrol Systems

AVEVA Group plc announces that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group of Companies 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 which is already integrated with AVEVA Bocad structural steel detailing software, creates a powerful design, detailing and fabrication solution.

07 Jan 2015

AVEVA Acquires 8over8

AVEVA Group plc one of the world's leading providers of engineering design and information management solutions has acquired 8over8 Limited from management and certain private individuals. 8over8 is a software business, headquartered in Northern Ireland with operations in North America, Middle East and Australia, providing contract risk management software to the Oil & Gas, Mining and other infrastructure industries. 8over8 recorded revenue of £10.0 million and profit before tax of £3.1 million for the year ended 31 December 2013 and is expected to deliver continued growth in the year to 31 December 2014. The consideration of £26.9 million has been funded through AVEVA's existing cash resources.

26 Sep 2014

Design’s Future 3D Modeling, Virtual Reality Wave of Design Future

CAD/CAM software can be used to analyze various sections of a vessel.  (Image: SSI)

Rooted in early computer-aided design (CAD) and manufacturing applications, design and construction software is firmly at the helm of most shipyards today, enabling the production of  better designed, more efficient and consistently built ships produced with measurably less waste: less waste of time, materials, man hours and most important, money. The ROI can be substantial, and is traceable throughout the entire process, across all sub sectors such as project management, purchasing, materials, labor and build sequencing.

18 Aug 2010

Jurong Shipyard Chooses AVEVA Marine

AVEVA Group plc (LSE:AVV), providers of engineering design and information management solutions for the plant, power and marine industries, announced that Jurong Shipyard, a subsidiary of Sembcorp Marine has selected AVEVA Marine (12 Series) as their engineering and design solution for major marine and offshore projects. Jurong Shipyard has a long standing relationship with AVEVA. AVEVA Marine (12 Series), is the most modern offering of AVEVA’s marine solutions and has the ability to manage and secure legacy data while providing the most advanced solutions for marine engineering. AVEVA Marine is also ideally suited for mega projects in the offshore segment where Jurong Shipyard is a major global player.

04 Aug 2010

AVEVA Marine Solutions Serve Thailand, India

AVEVA Group plc (LSE: AVV), provider of engineering design and information management solutions to the plant, power and marine industries, announced that Thai-based The Bangkok Dock Company (1957) Limited, and Indian- based SKA Marine Services Pvt Ltd. have concluded contracts for the use of AVEVA Marine solutions within their respective yards.

21 Apr 2004

AVEVA to Acquire Tribon Solutions AB

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.

29 Jun 2007

Glasier Named Executive VP at AVEVA

AVEVA announced that Rob Glasier has been promoted to Executive Vice President effective July 2, and will serve as the Head of The Americas for AVEVA; where he will be responsible for all of AVEVA's software and services business across all the Process, Power, Marine and related industries in the Americas region. Prior to this appointment, Rob has been responsible for AVEVA Americas’ Marine business for the shipbuilding and offshore industry, as well as its asset and information lifecycle management business. Prior to AVEVA, Rob was Head of Business Development, and an Owner of RealityWave Inc., which was acquired by AVEVA, and whose technology is a component of AVEVA’s NET Portal, VNET. Rob has extensive experience in sales, marketing, development, and senior management.

15 Nov 2006

Aveva Expects Results to Beat Market Forecasts

Reuters reported that Aveva Group Plc said it expected full-year results to beat market expectations after the IT engineer surprised with half year profits that more than doubled on the back of China's buoyant shipbuilding market. Shares in Aveva were up more than 7 percent after it said adjusted pretax profit increased 149 percent to $26.2m) in the six months to Sept 30, with revenues up 58 percent.

27 Mar 2006

AVEVA Ships New Laser Model Interface

AVEVA Group plc is shipping its Laser Model Interface (LMI), a software solution that provides a direct link between AVEVA's VANTAGE Plant Design Management System (PDMS) and four of the major 3D laser scanning systems being utilized to capture as-built data for retrofit and brownfield engineering projects. The new product, which is available as a separately licensed module of PDMS 11.6 SP2, is now being launched following a year's collaboration with the market leading laser modeling vendors - BitWyse, Leica Geosystems HDS, Quantapoint, and Z+F. LMI has been built into the heart of PDMS. This enables engineers to design fully intelligent plant directly with respect to Point Cloud Data (PCD) as if they were in a dedicated PDMS application.

05 Jun 2006

J. Ray McDermott Selects AVEVA

AVEVA Group announced that J. Ray McDermott (J. RAY)has selected its VANTAGE Project Resource Management (VPRM) to streamline global procurement and materials management processes for its engineering projects. Project management and procurement of engineering projects is one of J. RAY's primary areas of expertise. Already a user of AVEVA's PDMS and VNET solutions for design, engineering, and project collaboration, J. RAY selected AVEVA's VPRM after a year of in-depth technical evaluation of various material management solutions. J. RAY will initially deploy VPRM to manage multiple projects, utilizing project team members located in both their Houston and Dubai offices.