Alfa Laval – global provider of heat transfer, centrifugal separation and fluid handling solutions – has acquired a 20% 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, which is a private equity firm based in the United States and Scandinavia. The 20% 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.
“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 minimise downtime giving peace-of-mind for our customers,” says Nish Patel, President of the Food & Water Division at Alfa Laval.
“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,” states Henrik Skov Laursen, CEO of AMI Global. “Alfa Laval’s investment in AMI shows the importance of digital transformation and proves Alfa Laval’s commitment in first-rate technology innovation.”