Aveva has signed a memorandum of understanding (MoU) with engineering, procurement and construction (EPC) contractor Tecnimont, a subsidiary of the Maire Tecnimont Group, to create new digital predictive and prescriptive maintenance services that drive enhanced business outcomes.
This partnership will extend usage of the United Kingdom-based Aveva’s Asset Performance Management (APM) solutions across the Italy-based Maire Tecnimont Group, globally, enhancing plant operability and lowering maintenance costs.
This will, in turn, deliver increased information availability that enables better, more informed decision-making, and ultimately improving overall business performance.
As part of the agreement, the two companies will work together over a 12-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…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 of Maire Tecnimont Group.
Kim Custeau, Aveva’s VP for APM, said that by enabling companies to predict failures before they occur, they are helping to reduce unplanned downtime as well as drive efficiency and safety throughout plant operations.
“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,” said Custeau.
Maire Tecnimont will leverage its unique process, automation, and maintenance competencies to supply plant owners with perfectly customised digital products and solutions that are tailor-made for their maintenance needs.
With this MoU, Maire Tecnimont 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.