Schneider Electric acquires SolveIT
Schneider Electric has signed an agreement to acquire SolveIT Software (SolveIT), an Adelaide-headquartered scientific software provider specialising in supply & demand chain optimisation and predictive modelling.
SolveIT’s applications are recognized globally for enabling organisations such as Rio Tinto, BHP Billiton and Xstrata optimize production and demand chain activities. SolveIT’s advanced demand planning and forecasting tools help industrial operations to manage their end to end demand chain and execute optimised plans taking into account existing and future constraints such as impact of workforce variability and market conditions. SolveIT tools also help optimize production, storage, logistics and distribution activities by running predictive analysis and ‘what if’ simulations.
The acquisition complements Schneider Electric’s solutions offering in the operations management space by providing the forecasting, optimisation and modelling capability on top of Schneider Electric’s market leading production analytics tools in the mining, minerals, metals and general manufacturing sectors. Together, this combined capability is a unique differentiator in the market and provides a capability that the major industrial players are currently demanding. The combined platform will enable customers to deliver more from their existing assets than ever before and thereby maximise profitability per unit output.
Schneider Electric will be able to offer customers more visibility in the complex and fast moving industries. Now more than ever customers are being pressured to deliver more competitively and Schneider Electric is now in a perfect position to deliver it. With comprehensive predictive modelling for production planning, scheduling and optimization, the acquisition of SolveIT will help customers to unlock the utilisation and productivity that exists in their current assets but was previously not visible.
SolveIT’s award winning applications are based on proprietary platforms for advanced optimisation, prediction, and what-if analysis, and can optimise production and supply chain activities on both a local (plant) and global (network) level. SolveIT’s mining software applications cover exploration management, mine planning and scheduling, and mine-to-port logistics optimisation.