Schneider Electric SE (Rueil-Malmaison, France; www.schneider-electric.com) 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.”
Specific terms of the deal were not disclosed.