Schneider Electric signs an agreement to acquire SolveIT Software

Schneider Electric, a global specialist in energy management, has signed an agreement to acquire SolveIT Software, an Adelaide-headquartered scientific software provider specialising in supply and demand chain optimisation and predictive modelling.

SolveIT’s demand planning and forecasting tools help industrial operations 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. The company’s 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.

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 production analytics tools in the mining, minerals, metals and general manufacturing sectors. This combined platform will enable customers to deliver more from their existing assets than ever before.