Improved asset performance targeted as Schneider Electric joins forces with MaxGrip
07 May 2025
Schneider Electric has 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 percent 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 as companies embrace digitalisation of asset management, improve overall equipment effectiveness (OEE) and reduce their 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 programme. The programme 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 positioned globally to provide greater and more specialised 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.”
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