Global specialist in energy management solutions, Schneider Electric
is acquiring SolveIT Software (SolveIT), an Adelaide-based scientific software provider specialising in supply and demand chain optimisation and predictive modelling.
Recognised globally for enabling organisations such as Rio Tinto, BHP Billiton and Xstrata optimise production and demand chain activities, SolveIT's advanced 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.
SolveIT tools also help optimise 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 their market-leading production analytics tools in the mining, minerals, metals and general manufacturing sectors.
The combined capabilities of the two companies will be a unique differentiator in the market, enabling customers to deliver more from their existing assets, and maximising profitability per unit output. With SolveIT, Schneider Electric will be able to offer customers more visibility in complex and fast moving industries.
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 at the local (plant) as well as global (network) levels. SolveIT's mining software applications cover exploration management, mine planning and scheduling, and mine-to-port logistics optimisation.