Yokogawa Electric completed the acquisition of all shares in Grazper Technologies from Promentum Equity Partners.

Yokogawa Electric, a firm that develops, manufactures, and markets information technology (IT) solutions, measuring and control equipment, semiconductors, and electronic components, completed the acquisition of all shares in Grazper Technologies, a developer of advanced artificial intelligence (AI) technologies for analyzing images, from Promentum Equity Partners, a private equity firm. Financial terms were not disclosed. As part of Yokogawa's Transformation 2020 mid-term business plan, the company is working with customers on digital transformation initiatives that utilize technologies such as AI and IoT. Through this acquisition and the addition of new technology, Yokogawa will create new value by co-innovating with customers.