German multinational Siemens has acquired Southampton-based industrial analytics software company Senseye for an undisclosed sum.
Siemens is aiming to expand its portfolio and be a ‘master’ in the field of predictive maintenance and asset intelligence.
Senseye provides solutions for various sectors, such as manufacturing, automotive, mining & metals, and FMCG & CPG.
Clients listed on its website include Tata, Sony, Nissan, Alcoa, Schneider Electric, Mercer and NTT Docomo.
“Senseye’s AI based solutions complement our digital services portfolio driving efficient and scalable predictive maintenance,” explains Margherita Adragna, CEO of Customer Services for Digital Industries, Siemens.
Since its inception in 2014, Senseye has focused on asset intelligence Software as a Service (SaaS) solutions.
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It uses machine learning and artificial intelligence to provide a solution that enables predictive maintenance, “helping to reduce unplanned downtime and improve sustainability”.
The firm points out that the solution is designed for maintenance operators and requires no previous background in data science or traditional condition monitoring.
The UK tech firm has regional offices in Germany, France, US and Japan. It has around 50 employees and there are no details about their fate as part of the acquisition.
The company is now a 100% subsidiary of Siemens holdings plc in the UK. It is assigned organisationally to Siemens Digital Industries and part of the Customer Services Business Unit.
Senseye’s name comes from the Japanese word ‘Sensei’. Used in martial arts (and in Japan’s education system), it means teacher or master.
Its company roots are “linked to Japan as a tribute to Japanese engineering and quality programs leveraged by our founders in their past experiences”.