5th Apr 2019 07:50
LONDON (Alliance News) - Engineering and industrial software company AVEVA Group PLC said Friday that it will acquire software assets of partner MaxGrip BV for an undisclosed sum.
Netherlands-based MaxGrip develops asset performance management software and provides consultancy services to businesses managing capital-intensive assets.
AVEVA said MaxGrip will expand the company's asset performance management product offering by providing asset strategy optimisation and maintenance solutions software for risk-based maintenance.
"MaxGrip's rich library of asset fault codes and remediations will enhance the power of AVEVA's predictive asset analytics capabilities and accelerate the deployment of artificial intelligence for prescriptive maintenance," the company added.
As part of the acquisition, around 30 MaxGrip employees will join AVEVA's asset performance management team.
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