AVEVA ACQUIRES MAXGRIP SOFTWARE ASSETS

AVEVA (Cambridge, U.K.; www.aveva.com) announced a significant addition to its comprehensive Asset Performance Management (APM) portfolio with the acquisition of the software assets of MaxGrip, subject to approval from MaxGrip’s shareholders. MaxGrip, an AVEVA partner since 2017, is a pioneer in optimizing asset performance with Reliability Centered Maintenance (RCM) solutions. MaxGrip’s software and extensive asset library enables customers to define and implement comprehensive RCM strategies based on asset criticality and risk. The libraries encompass over 900 critical asset types with failure causes and conditions and proven maintenance remediations. This represents rich experience in end markets that map closely to the sectors AVEVA serves, with implementations in the oil and gas, chemicals, infrastructure, utilities, food & beverage and water & wastewater industries.