Maire Tecnimont Group, through its subsidiary Tecnimont has signed a Memorandum of Understanding (MoU) with AVEVA. 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. This will in turn deliver increased information availability empowering better, more informed decision-making, and ultimately improving overall business performance.

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. As an EPC contractor and global leader in the transformation of natural resources, Maire Tecnimont will leverage its unique process, automation, and maintenance competencies to supply plant owners with perfectly customized digital products and solutions that are tailor-made for their maintenance needs. 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 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.