AVEVA Group plc Acquire the software assets of MaxGrip

Aveva Group PLC

AVEVA Group plc (LON:AVV), a global leader in engineering and industrial software, announced that it has agreed to acquire the software assets of MaxGrip, subject to approval from MaxGrip’s shareholders. MaxGrip, an AVEVA partner since 2017, optimises asset performance with Reliability Centred Maintenance (RCM) solutions.

AVEVA’s Asset Performance Management (APM) offering is strongly differentiated. It addresses the broadest dimensions of asset performance management using design and engineering information, real-time and historical operational data, and maintenance execution workflows, together with model-based machine learning for predictive asset analytics.

MaxGrip will augment AVEVA’s APM offering by providing a templated approach to asset strategy optimisation and RCM software for risk-based maintenance. Additionally, 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. As part of the acquisition, approximately 30 MaxGrip employees will join AVEVA’s APM team.

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