Schneider Electric announces acquisition of MWPowerlab
February 2, 2017 – Schneider Electric, a specialist in energy management and automation, announced the acquisition of MWPowerlab s.r.l., a software company with 3D real-time technology. This acquisition adds advanced Virtual Reality (VR) and Augmented Reality (AR) technology to Schneider Electric’s industrial software portfolio. This technology can enhance the Schneider Electric Enterprise Asset Performance Management platform.
Schneider Electric and MWPowerlab have a long history of delivering Operator Training and Simulation solutions that increase safety standards, improve labor effectiveness and increase asset performance on a global scale. This relationship is expected to continue post-acquisition, with the MWPowerlab team bringing domain expertise to Schneider Electric to drive continued innovation and digitization of the entire value chain.
Specific terms of the deal were not disclosed.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 billion in FY2015, 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.
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