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New Deal


Announced

Completed

SymphonyAI Group acquired Azima Global.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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monitoring

Acquisition

United States

Private

Machinery: Industrial

machine condition

Single Bidder

Friendly

Majority

Completed

Synopsis

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SymphonyAI Group has acquired Azima Global, a provider of machine condition monitoring and asset reliability solutions across several industrial verticals. Financial terms were not disclosed. Azima Global has built a suite of cloud-based machine diagnostic and analytic solutions, supported by a team of deep domain experts, that together deliver highly accurate and timely visibility into the condition of industrial assets at scale. “Azima has spent over a decade building an industry-leading position in the delivery of eective and scalable machine health diagnostics. It was only a matter of time before we merged with a leading AI platform to develop integrated predictive maintenance and process optimization solutions. We are excited about the incremental value we can now deliver to both our existing and prospective customers.” Burt Hurlock, Azima Global CEO.

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