A spokesman for SolveIT, Nathan Leverington, said Schneider Electric had a long history of acquisitions in Australia capitalising on local knowledge and design to improve solutions offering for targeted market segments in Australia and overseas.
“The acquisition of the company complements Schneider Electric’s solutions offerings 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, Leverington said.
“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.
According to Leverington, SolveIT’s applications were recognised globally for enabling organisations such as Rio Tinto, BHP Billiton and Xstrata optimise production and demand chain activities, and the company’s advanced demand planning and forecasting tools helped “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.”