Announced
Completed
Financials
Tags
monitoring
Acquisition
United States
Private
Machinery: Industrial
machine condition
Single Bidder
Friendly
Majority
Completed
Synopsis
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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