AVEVA Adding to its Asset Performance Management Portfolio with Acquisition of MaxGrip’s Software Assets

By Craig Resnick

Category:
Acquisition or Partnership

AVEVA announced an addition to its 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, provides software designed to help manufacturers optimize asset performance with Reliability Centered Maintenance (RCM) solutions.

MaxGrip’s software and asset library helps enable users 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 along with maintenance remediations based on over 20 years of 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.

The combination of AVEVA’s portfolio with the capabilities of MaxGrip will help enable users to realize higher levels of reliability, availability, safety and efficiency in the operations of their capital assets and close the loop on managing fault scenarios with prescribed remediation actions based on best practices, moving from reactive and predictive maintenance to prescriptive maintenance.

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