I-care Group Acquires Predictive Maintenance Assets and Licenses from Sensirion Connected Solutions to Strengthen Its Strategic Position in Germany and Overseas
July 09 2024 - 5:50AM
Business Wire
I-care Group, the world leader in machine health, has announced
an agreement with Sensirion Connected Solutions GmbH to acquire
assets and licenses of its predictive maintenance product line. The
deal strengthens I-care's presence in Germany and its position as a
world leader in industrial predictive maintenance. At the same
time, this agreement offers former customers of Sensirion Connected
Solutions the opportunity to continue following their predictive
maintenance strategy.
Sensirion Connected Solutions, a leading provider of
sensor-as-a-service solutions, developed and commercialized an
end-to-end predictive maintenance solution under its AiSight brand.
Earlier this year, the company announced that it would discontinue
its condition monitoring activities and to fully focus on methane
emission monitoring as a data-based service business.
Sensirion took this decision because the predictive maintenance
market structure does not strategically fit Sensirion’s goal of
becoming the leading provider in its respective area through
innovations.
After analyzing the market, Sensirion Connected Solutions chose
I-care for the sale of AiSight assets and agreed on a licensing
deal of its technology. I-care was a safe choice for Sensirion to
offer its former customers a continuity on their path toward
predictive maintenance.
Fabrice Brion, founder and CEO of I-care is fully aligned with
Sensirion’s assessment of the predictive maintenance market: "20 or
10 years ago, it was still possible to start up a predictive
maintenance company from 0. Today, the market structure and size
demand dedicated players. That’s the reason why the consolidation
of the market is on its way”
“We are pleased to have found an opportunity with I-care that
allows our existing customers to continue their predictive
maintenance strategies. This agreement ensures seamless maintenance
programs for our customers while we focus on our core strategy in
the emissions monitoring market”, said Felix Hoehne, General
Manager, Sensirion Connected Solutions.
I-care, which already has 4 offices in Germany, is strengthening
its presence in the country and can expand its customer base :
former customers of Aisight are active in Industrial segments
totally complementary to those in which I-care is present.
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