October 31, 2016 – Schneider Electric, a specialist in energy management and automation, announced the acquisition of MaxEAM, a software company with complementary applications that extend Avantis.PRO Enterprise Asset Management. The acquisition 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.
About Schneider Electric
Schneider Electric is the global leader 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.