Schneider Electric to acquire SolveIT Software
SolveIT Software is to be bought by Schneider Electric.
Schneider Electric has agreed to acquire SolveIT Software, with
merger and acquisition consultants potentially helping the tie-up
The deal will see Schneider - an energy management specialist
with a global reach - join up with SolveIT, which provides
predictive modelling scientific software, as well as tools for
supply and demand chain optimisation.
When combined, the firms should be able to help clients to boost
their profitability by allowing them to use their existing assets
to deliver more than they previously could.
SolveIT has five offices in Australia and more than 150 offices,
with its clients including Incitec Pivot, Rio Tinto Iron Ore,
ElectraNet and BHP Iron Ore.
Schneider has operations in at least 100 countries and has more
than 130,000 employees, who focus on sectors including residential,
utilities, industries and data centres.
"We are confident that our enriched portfolio will open up new
opportunities and allow us to tap new markets," president and chief
executive officer of Schneider Electric Jean-Pascal Tricoire
Posted by Edel Quinn
Source: SolveIT Software press release, September 2nd