# AVEVA to acquire MaxGrip's software assets

AVEVA announced the acquisition of the software assets of MaxGrip, a partner since 2017, to enhance its Asset Performance Management portfolio. The transaction is subject to MaxGrip's shareholder approval.

- Type: Acquisition
- Announced: 2019-04-05
- Status: announced
- Products: asset performance management software, reliability centered maintenance solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AVEVA](https://endata.com/companies/2049.md) (acquirer)
- [MaxGrip](https://endata.com/companies/38535.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AVEVA-GROUP-13659098/news/AVEVA-To-Acquire-Maxgrip-s-Software-Assets-Advancing-Leadership-Position-in-Asset-Performance-M-28357419/), 2019-04-05: "AVEVA has leveraged the digital twin and advanced asset visualisation capabilities to completely change the way people, processes and technology interact."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.