• Collaboration expands Schneider Electric’s asset performance management (APM) offering • Increasing global capabilities will deliver tangible improvements to reliability, efficiency and profitability • The move builds upon Schneider’s Industrial Digital Transformation Services ensuring companies can be supported at every step on their digitalisation journey

Rueil-Malmaison, France, January 28 2025 - Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a partnership with MaxGrip, the Asset Performance Management consulting company, to drive forward its industrial Asset Management portfolio and deliver additional value to customers.

Maintenance related issues like unplanned downtime, product losses and energy inefficiency cost major industrial companies at least $864 billion annually, or $532,000 each hour. Simultaneously, 63% of maintenance efforts are unnecessary and could be avoided. With the typical asset lifespan in heavy industries being 30 to 40 years, and an increasing focus on ESG, there is an increasing pressure to improve asset management strategies. These play a foundational role in companies to embrace digitalizing asset management and improving Overall Equipment Effectiveness (OEE) and reducing Total Cost of Ownership (TCO).

Leveraging MaxGrip's Asset Improvement Program (AIP), Schneider Electric will further support customers in their digital transformation journey by providing a comprehensive asset lifecycle management program. The program aims to break down internal silos, offering detailed analysis of asset reliability and performance improvement opportunities and identifying conditions for the successful adoption of (new) technologies at the customer and accelerating deployment through extensive asset libraries and hands-on experience.

"This partnership represents another important milestone in our mission to drive digital transformation across all industrial sectors," said Anthony Loy, Vice President, Industrial Digital Transformation Consulting, Schneider Electric. "By combining Schneider Electric digital transformation consulting services with MaxGrip's renowned APM expertise, we're ideally positioned globally, to provide greater and more specialized value to our clients."

"We are excited to build on our long-lasting relationship with Schneider Electric to help address one of most the complex challenges faced by industries today, said Mark Mulder, CEO at MaxGrip. "Together, we will deliver innovative solutions that ensure lasting asset performance improvements, demonstrated with operational success."

About Schneider Electric

Schneider's purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

About MaxGrip

MaxGrip purpose is to help clients achieving sustainable and enduring Asset Performance improvements.

MaxGrip is specialized in Asset Performance Management (APM) in combination with Enterprise Asset Management (EAM). Our trusted advisors are valued for their domain expertise combined with the capability to realize essential changes in organizations, embracing digital transformations. We help clients improve asset performance with our Asset Improvement Program, we implement and deploy EAM and APM systems. We help customers with their digital transformation challenges, applying our proven Change Management methodology. MaxGrip consultants also fulfill temporary positions when companies are lacking the required expertise and capacity, increasing our practical expertise.

Our clients are market leaders in industries like Manufacturing, FMCG, Pharmaceuticals, Power generation and Distribution, Oil & Gas, Chemicals, Infrastructure and Water / Wastewater management.

MaxGrip was founded in 1997 and operates globally with main offices in the Netherlands (Utrecht), USA (Houston) and Malaysia (Kuala Lumpur).