Schneider Electric to acquire SolveIT Software
Schneider Electric has announced it has entered into an agreement to acquire SolveIT Software, a scientific software provider that specialises in supply and demand chain optimisation and predictive modelling.
Schneider says the acquisition complements its solutions offering in the operations management space by providing the forecasting, optimisation and modelling capability on top of its production analytics tools in the mining, minerals, metals and general manufacturing sectors. The combined platform will enable customers to deliver more from their existing assets and maximise profitability per unit output, Schneider says.
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