News | October 31, 2016

Schneider Electric Acquires MaxEAM To Strengthen Enterprise Asset Performance Management (APM) Portfolio

Source: Schneider Electric
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Acquisition enhances user experience for work scheduling, task execution and data conversion

Schneider Electric, the global specialist in energy management and automation, recently announced the acquisition of MaxEAM, a software company with complementary applications that extend Avantis.PRO Enterprise Asset Management. The acquisition further solidifies the portfolio and adds valuable domain expertise to Schneider Electric's existing team. This acquisition delivers additional value to industrial organizations seeking to maximize return on assets.

Schneider Electric and MaxEAM have a long standing business relationship working together to deliver successful customer projects on a global scale. The acquisition gives customers a single point of contact for support and delivery services, and more closely aligns future product development.

"The strength of our asset management portfolio continues to grow, both organically and through acquisition. MaxEAM enhances the functionality of our Avantis.PRO offering, securing the investment our customers have made in our products," said Rob McGreevy, Global Vice President, Software at Schneider Electric. "The addition of MaxEAM subject matter expertise and technology will allow us continued expansion of our industry-leading Enterprise APM platform."

"Our advanced technology linked to mobile work execution streamlines processes, adding tremendous capabilities for mobile workers," said Eric Stern, President of MaxEAM. "Schneider Electric's Enterprise APM platform is the broadest in the market today. I'm excited that our people and technology will be an integral component to the overall offering."

About Schneider Electric 
Schneider Electric is the global leader in energy management and automation. With revenues of ~€27 billion in FY2015, our 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies will reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On. For more information, visit www.schneider-electric.com 

SOURCE: Schneider Electric