By Anthony O. Goriainoff

 

Aveva Group PLC said Wednesday that it has entered into a 2.6 million pounds ($3.7 million) sales agreement with Schneider Electric for three of its businesses.

The FTSE 100 provider of engineering and industrial software said that it will sell its Acquis Software, Termis Software and Water Loss Management Software businesses, and that completion of the transaction is expected in, or around, July.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 

(END) Dow Jones Newswires

May 12, 2021 02:39 ET (06:39 GMT)

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