- ABB and Samotics enter a strategic partnership to extend ABB’s asset health monitoring services to harsh and submersible environments
- ABB to acquire 10 percent stake in Samotics, leading provider of electrical signature analysis (ESA) technology for motor-driven industrial equipment
- Joint ambition is to reach next level of condition monitoring by co-developing advanced digital service solutions focused on energy efficiency and operational resilience
ABB and Samotics, a leading provider of ESA technology that is a high-growth scaleup company based in the Netherlands, have entered a strategic long-term partnership to provide enhanced condition monitoring services. The approach will leverage each company’s capabilities to deliver more insight into machine health and energy efficiency. As a first step, ABB will integrate Samotics’ plug-and-play monitoring solution into its digital portfolio. The financial terms of the agreement were not disclosed.
Samotics’ technology is complementary to the well-established ABB Ability Condition Monitoring service for powertrains, a sensor-based solution that analyzes the health and performance of rotating equipment. Samotics’ SAM4 technology, based on electrical signature analysis (ESA), will expand ABB’s application of asset health monitoring of motor-driven industrial equipment as it does not rely on mounting sensors in the field. This means that SAM4 can be deployed on machines in harsh and submerged environments.
Adrian Guggisberg, President of ABB Motion Services said: “Our strategy is to build an ecosystem with leading service providers who can contribute to our customers’ overall success. With Samotics, we share the ambition to co-develop digital services that will offer even greater insight across a wider range of applications to help our customers taking better decisions. The partnership will also create even more value from digital service solutions to grow our annual recurring revenues.”
Jasper Hoogeweegen, CEO of Samotics said: “Entering into a strategic partnership with ABB will open doors with potential customers around the world and help us scale our business. At the same time, we share a mindset and commitment to help solve reliability and energy efficiency challenges.”
Ultimately, developing a system that uses both datasets will provide industrial operators with a more detailed view of asset health so that they can make better decisions to optimize maintenance, boost reliability and reduce downtime.
Samotics has established SAM4 as a robust and scalable system. It is already being implemented across the wastewater and water, steel, and chemical sectors and has established a fast-growing base with thousands of assets monitored.
ABB plans to roll out Samotics’ technology to customers before the end of 2022 as part of its growing service portfolio for rotating equipment.
Samotics is a leading provider of real-time actionable insights to optimize performance and energy efficiency of AC motors and rotating equipment. An expert team of data scientists, software developers and technical specialists has developed an AI-driven platform that supports global industrial companies in reducing energy waste and unplanned downtime.
For more information, visit www.samotics.com
ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. For more information, visit www.abb.com
About Abb Technology Ventures
ABB Technology Ventures (ATV) is the venture capital unit of ABB. ATV looks for breakthrough technology companies aligned with ABB’s goal to write the future of industrial digitalization. Since its formation in 2009, ATV has deployed around $300M into startups spanning a range of sectors including robotics, industrial IoT, AI/machine learning, energy transition, cybersecurity, electric mobility, smart buildings and distributed energy. For more information, visit //www.abb.com/ventures