AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has signed a Memorandum of Understanding (MoU) with engineering, procurement and construction (EPC) contractor Tecnimont, a subsidiary of the Maire Tecnimont Group, a leader in the global natural resource processing industry, to create new digital predictive and prescriptive maintenance services.

This partnership will extend usage of AVEVA’s Asset Performance Management (APM) solutions across the Maire Tecnimont Group, globally, enhancing plant operability and lowering maintenance costs.

As part of the agreement, the two companies will work together over a twelve-month period on a defined number of customer projects to promote the application of predictive maintenance technology for critical plant assets.

“This MoU with AVEVA aligns seamlessly with Maire Tecnimont’s strategy for digital transformation: it complements our value proposition which focuses on NextPlant, our new digital services and solutions portfolio that has been designed to fully meet customer’s needs, while simultaneously improving our operational model through the creation of digital enablers,” said Pierroberto Folgiero, CEO, Maire Tecnimont Group.

“We are excited about the partnership with Maire Tecnimont and look forward to supporting our joint customers in overcoming today’s industrial challenges by leveraging human experience with artificial intelligence.” commented Kim Custeau, Vice President, Asset Performance Management, AVEVA.

The combination of Maire Tecnimont’s proven market experience and AVEVA’s leadership as an industrial technology provider will deliver improved analytics which in turn will help to reduce inefficiencies, optimize operations, and improve our customer’s profitability. With this MoU, Maire Tecnimont Group has reached a new milestone in its digital transformation journey, with the activation of a new technology-enabled value stream which is a crucial part of its roadmap.

To achieve its drive to become the ‘contractor of the future’, Maire Tecnimont is enhancing overall value for plant owners through a suite of advanced digital products and services geared towards EPC customers.