A British tech darling working on Hinkley Point nuclear plant was on the brink of being snapped up by overseas rivals last night. Cambridge-based Aveva has been targeted in a £3billion bid from France’s Schneider Electric. It plans to buy a controlling stake in the business that would leave Aveva under Schneider’s control. Aveva, which makes software used to design oil rigs, ships and nuclear power stations, including by EDF for Hinkley Point, yesterday said it could not yet confirm if there would be job losses but said the takeover would help it ‘better compete on the global stage’.
This is Money 6th Sept 2017 read more »