Schneider Electric Looks to Strengthen Asset Management Portfolio

Nov. 6, 2016
The acquisition of software company MaxEAM will complement Schneider Electricā€™s existing Avantis.PRO enterprise asset management offerings.

Asset performance management (APM) is certainly the name of the game these days. Itā€™s a prime target for achieving return on investment (ROI) on Industrial Internet of Things (IIoT) projects, and companies are realizing the need to come to the party fully prepared. Following GEā€™s recent APM grab of Meridium, Schneider Electric has made a move to fill its own APM gaps.

The acquisition of software company MaxEAM extends applications of Schneider Electricā€™s Avantis Enterprise Asset Management (EAM) Suiteā€”which came to the company through its acquisition of Invensys a few years ago. More specifically, several software modules from MaxEAM enhance the functionality of Avantis.PRO, particularly with regards to work scheduling, task execution and data conversion. The acquisition also adds domain expertise to Schneider Electricā€™s existing team.

ā€œThe 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,ā€ said Rob McGreevy, global vice president, software, at Schneider Electric. ā€œThe addition of MaxEAM subject matter expertise and technology will allow us continued expansion of our industry-leading Enterprise APM platform.ā€

Though Schneider Electric and MaxEAM have a long-standing business relationship, the acquisition will give customers a single point of contact for support and delivery services, and more closely align future product development.

ā€œOur advanced technology linked to mobile work execution streamlines processes, adding tremendous capabilities for mobile workers,ā€ said Eric Stern, president of MaxEAM. ā€œSchneider Electricā€™s Enterprise APM platform is the broadest in the market today. Iā€™m excited that our people and technology will be an integral component to the overall offering.ā€

About the Author

Aaron Hand | Editor-in-Chief, ProFood World

Aaron Hand has three decades of experience in B-to-B publishing with a particular focus on technology. He has been with PMMI Media Group since 2013, much of that time as Executive Editor for Automation World, where he focused on continuous process industries. Prior to joining ProFood World full time in late 2020, Aaron worked as Editor at Large for PMMI Media Group, reporting for all publications on a wide variety of industry developments, including advancements in packaging for consumer products and pharmaceuticals, food and beverage processing, and industrial automation. He took over as Editor-in-Chief of ProFood World in 2021. Aaron holds a B.A. in Journalism from Indiana University and an M.S. in Journalism from the University of Illinois.

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