September 23, 2024
MachineMax joins Vesta Software Group: Expanding their reach in mining and construction efficiency
MachineMax is thrilled to announce its acquisition by Vesta Software Group, a global leader in vertical market software solutions. This milestone marks the beginning of an exciting chapter as we continue our mission to revolutionise operational efficiency for the mining and construction industries.
With over 100 clients across 30+ countries, MachineMax monitors and tracks assets valued at more than $1 billion. Our platform delivers actionable insights that help businesses optimise their operational and capital efficiency.
Richard Clancy, CEO of Vesta Software Group, shared his enthusiasm:
"We’re delighted to welcome MachineMax to the Vesta family. Its innovative solutions are a perfect fit with our portfolio, and this partnership enhances our reach, especially in key markets like India. We’re eager to explore synergies and opportunities for further growth in the mining and construction industries."
Martin Lloyd, Venture Lead for Shell, added:
"MachineMax has achieved incredible growth during Shell’s ownership, and we’re confident that Vesta is the right partner to support its next phase of evolution. Shell remains committed to MachineMax as a strategic partner, both as a customer and reseller."
About Vesta Software Group
Vesta Software Group manages over 35 independent software brands worldwide, providing strategic guidance and financial stability to enable growth and innovation. With a global footprint spanning Chile, Peru, Uruguay, the UK, and continental Europe, Vesta supports 50,000+ customers across 15+ vertical markets, offering industry-leading ERP solutions tailored to their unique needs.
Together, MachineMax and Vesta Software Group are poised to deliver even greater value to clients worldwide. Stay tuned for updates as we chart this exciting journey.
About MachineMax
Founded in 2018 by Shell and BCG Digital Ventures, MachineMax delivers cutting-edge efficiency software for mining and construction. Trusted by industry leaders like Shell, Tata Steel, and Cemex, MachineMax has earned accolades including the Build in Digital Top 20 Tech Partner, Buildworks Top 50 Fleet Management Tools, and the Mining Excellence Awards 2020.