By Bruce Geiselman
Siemens AG, a technology company based in Germany, announced June 8 that it acquired Senseye, a provider of process monitoring and predictive maintenance software.
“Senseye’s AI-based solutions complement our digital services portfolio driving efficient and scalable predictive maintenance,” said Margherita Adragna, CEO of customer services for digital industries at Siemens AG, in press release. “This will allow us to offer highly flexible solutions to help our customers across many industries to determine the future condition of their machinery and hence, increase their overall equipment effectiveness.”
Senseye, headquartered in the U.K., is a leading provider of predictive maintenance software. Its offerings reduce unplanned machine downtime by as much as 50 percent and increase maintenance staff productivity by as much as 30 percent, according to Siemens.
“Together we can multiply the full potential of Senseye’s innovative technology and deep expertise,” Senseye CEO Simon Kampa said. “Siemens’ global presence and extensive industrial knowledge will ensure that our current and future customers benefit from innovative, seamlessly integrated Industry 4.0 solutions to drive measurable business outcomes.”
Financial terms of the acquisition were not disclosed in the press announcement.
Siemens employs about 303,000 employees worldwide and for the fiscal year ending Sept. 30, 2021, reported revenue of $65.7 billion and net income of $7 billion.
Bruce Geiselman, senior staff reporter
[email protected]Contact:
Senseye USA, Nashville, Tenn., 415-523-0447, www.senseye.io
Bruce Geiselman
Senior Staff Reporter Bruce Geiselman covers extrusion, blow molding, additive manufacturing, automation and end markets including automotive and packaging. He also writes features, including In Other Words and Problem Solved, for Plastics Machinery & Manufacturing, Plastics Recycling and The Journal of Blow Molding. He has extensive experience in daily and magazine journalism.
