Alfa Laval has taken a 20% stake in AMI Global, a specialist in end-to-end industrial Internet of Things (IoT) solutions for rotating equipment.
AMI Global, a portfolio company of private equity firm Cimbria Capital, helps manufacturers to add remote connectivity, data collection, device control, and analytic capabilities to pumps, motors and variable speed drives.
Alfa Laval says that the 20% stake will enable the company to strengthen its competence in IoT technologies. The investment is part of Alfa Laval’s digital transformation and its ambitions to supply remote monitoring of products and solutions.
“With this investment we enhance our capabilities within remote monitoring and connected services,” said Nish Patel, president of Alfa Laval’s Food & Water Division. “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.”
“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,” said 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.”