Freshfields Bruckhaus Deringer (‘Freshfields’) is advising AVEVA Group plc (‘AVEVA’) on the recommended cash acquisition by Schneider Electric SE (‘Schneider’) of the entire issued, and to be issued, share capital of AVEVA not currently owned by Schneider. The acquisition values AVEVA at approximately £9,482 million on a fully diluted basis and is expected to become effective in the first quarter of 2023, subject to conditions including the receipt of AVEVA shareholder approval and foreign investment and regulatory approvals. The Freshfields team advising on the deal is being led by partners Natasha Good, Sundeep Kapila and Julian Long, alongside senior associate Meredith Bayley.