Proemion Holding GmbH Agrees to Acquire TrendMiner NV to Expand Industrial Asset-Monitoring and Analytics Platform
April 18 2024 - 11:32AM
Business Wire
Acquisition allows Proemion, backed by Battery
Ventures, to offer software in a broader range of industrial
settings
Proemion Holding GmbH, a global provider of advanced data and
analytics technology for mobile industrial assets, announced an
agreement to acquire TrendMiner NV, an industrial analytics
company, from Software AG.
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The spinout and acquisition of TrendMiner, based in Belgium,
will significantly expand Proemion’s existing analytics
capabilities for critical industrial equipment, which help
equipment manufacturers and operators gather machine data remotely
and continuously to maximize uptime and performance. TrendMiner
produces a complementary, web-based, self-service analytics
platform for monitoring critical equipment inside complex
industrial environments. The technology allows teams to
collaborate, learn and improve the overall performance of all
production.
TrendMiner’s technology is used across industries including
chemicals, oil and gas, pharmaceuticals, power generation, food and
beverage, and high-tech manufacturing.
“We are thrilled to welcome TrendMiner to the Proemion family
and expand our business into exciting new areas of machine and
industrial monitoring,” said Robert Thomas Michaelides, Proemion’s
CEO. “TrendMiner will allow us to provide critical analytics
software in a broader range of industrial settings, sell to a new
cohort of customers and help companies operate more efficient,
safer and greener industrial facilities. We look forward to
building upon TrendMiner’s robust offering for the process
industries and further enhancing the capabilities TrendMiner
provides to leading process manufacturing companies globally.”
Joan van de Wetering, CEO of TrendMiner, added: “Partnering with
Proemion will provide us with a robust platform to continue
investing in our leading, advanced industrial analytics solution
inside the plant and outside the plant.” Proemion will continue to
sell products under the TrendMiner brand.
Proemion was founded in 1987 and partnered with Battery
Ventures, a global, technology-focused investment firm, in late
2022. The company’s technology allows customers—who operate in
industries including construction, agriculture, logistics and
natural resources—to better manage equipment, plan maintenance,
save fuel costs, generate CO2 emission reports and more.
“In our inter-connected world, data and analytics technology has
become critical for industrial companies to maintain and operate
advanced systems and critical equipment,” said Max Kaye, a Battery
principal who serves on Proemion’s board. “Acquiring TrendMiner
opens up huge new possibilities for Proemion to expand its
offerings and help more industrial customers elevate their
businesses.”
About Proemion Holding GmbH
Founded in 1987, Proemion Holding GmbH (“Proemion”) serves
global industrial OEMs and operators from its offices in Fulda,
Germany, Dayton, Ohio and Seoul, South Korea.
For more information, please visit: www.proemion.com or follow
us on LinkedIn.
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Media Contact Megan O’Leary // Battery Ventures
moleary@battery.com (415) 426-5912