Acquisition boosts Virtual Reality and Augmented Reality capabilities across simulation and asset management portfolios to improve workforce efficiency and operational excellence

LAKE FOREST, Calif. – Feb 2, 2017

Schneider Electric, the global specialist in energy management and automation, today announced the acquisition of MWPowerlab s.r.l., a software company with industry-leading 3D real-time technology. This acquisition adds advanced Virtual Reality (VR) and Augmented Reality (AR) technology to Schneider Electric’s industrial software portfolio. Customers can benefit from strengthened Immersive Simulation and Training capabilities and advanced 3D visualization. This technology can further enhance the Schneider Electric Enterprise Asset Performance Management platform.

Schneider Electric and MWPowerlab have a long history of delivering Immersive Operator Training and Simulation solutions that increase safety standards, improve labor effectiveness and increase asset performance on a global scale. This successful working relationship is expected to continue post-acquisition, with the MWPowerlab team bringing valuable domain expertise to Schneider Electric to drive continued innovation and digitization of the entire value chain.

"Virtual Reality and Augmented Reality are quickly becoming the industry norm to deliver operator training, simulation and asset management solutions. This acquisition ensures Schneider Electric customers have access to the most advanced technologies for a positive user experience, said Dr. Tobias Scheele, Senior Vice President Software, Global Solutions at Schneider Electric. “MWPowerlab brings best in class technology and highly skilled, motivated people that can significantly enhance the value of our Schneider Electric software portfolio."

"We are excited to become part of the Schneider Electric team. Our Virtual and Augmented Reality technology is now highly optimized for industrial applications, as a result of working with Schneider Electric over the past five years," said Maurizio Galardo, President of MWPowerlab s.r.l. "Together, we can unleash the power of 3D real-time technology across the Simulation, Asset Management and HMI Supervisory solutions that are part of the Schneider Electric industrial software portfolio."

Specific terms of the deal were not disclosed.

About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 billion in FY2015, our 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.

www.schneider-electric.com/us

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