Aveva acquires Z+F

Engineering software provider Aveva its putting its substantial cash resources to use and continuing its acquisition strategy with the purchase of UK-based partner Z+F UK for £6.3m. The acquisition brings technology (laser scanning software to capture and manage laser scan data), and domain expertise as Z+F staff come as part of the deal. It complements Aveva’s design, engineering and information management portfolio and furthers its move away from pure CAD/CAM and deeper into the engineering document management space. This is a nice tuck-in acquisition and is another illustration that although Aveva is a mature company it is willing and able to change.