Aveva completed the acquisition of APM software unit of MaxGrip.

Aveva, a provider of engineering and industrial software, completed the acquisition of APM software unit of MaxGrip, a pioneer in optimising asset performance. Financial terms were not disclosed. "AVEVA has leveraged the digital twin and advanced asset visualisation capabilities to completely change the way people, processes and technology interact. Combining our strengths in engineering and real-time data coupled with the power of MaxGrip software will enable customers to design for reliability, in a way that no other solution in the industry can offer today," Kim Custeau, AVEVA Vice President, Asset Performance Management.