Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired a 20 percent stake in AMI Global, specialised in end-to-end industrial Internet of Things’ (IoT) solutions for rotating equipment, to further strengthen Alfa Laval’s position in connected services, such as condition monitoring. The signing and closing date was December 31, 2020.
AMI Global is a portfolio company of Cimbria Capital, a private equity firm based in the US and Scandinavia. The 20 percent stake will enable Alfa Laval to further strengthen its competence in IoT technologies. It’s part of the company’s digital transformation and its ambitions to supply remote monitoring of products and solutions. The ability to digitise a wide range of industrial equipment will provide meaningful data and create value for the company’s customers and end-users.
Said Nish Patel, President of the Food & Water Division at Alfa Laval: “With this investment we enhance our capabilities within remote monitoring and connected services. We know that 24/7 access to process information provides users with powerful insights for decision making. At the same time, continuous monitoring enables predictive maintenance which minimize downtime giving peace-of-mind for our customers.”
Added Henrik Skov Laursen, CEO of AMI Global: “We consider Alfa Laval to be an ideal business partner for the next chapter of AMI due to a strong commercial and cultural fit between the two companies. Alfa Laval’s investment in AMI shows the importance of digital transformation and proves Alfa Laval’s commitment in first-rate technology innovation.” For more visit alfalaval.com