Posted on Friday, July 13, 2007 11:05 AM
For the second time this week, a fiancial analyst has suggested AVEVA as a likely acquisition target. After a upbeat Annual General Meeting (equivalent to the annual stockholders meeting in the US) yesterday, a leading UK investment analyst firm noted that AVEVA is a “potential acquisition target.”
Gordon O’Connor of London-based Panmure Gordon noted that the engineering IT market is consolidating. “We consider that potential buyers of AVEVA could be private equity, Intergraph, an enterprise software vendor looking for the consolidation play, or AVEVA’s key partner, Autodesk,” analyst George O'Connor wrote. AVEVA closed up 34 points after the news, to 978 1/2.
--RSN