01 Jul 2022

Siemens acquires Senseye to expand its portfolio of predictive maintenance and asset intelligence solutions

Senseye acquisition

Senseye has been acquired by Siemens in a move to expand its portfolio in the field of innovative predictive maintenance and asset intelligence.

Since June 1st, 2022 Senseye is now a 100% subsidiary of Siemens holdings plc in the UK. The company is assigned organisationally to Siemens Digital Industries and part of the Customer Services Business Unit. The company is a leading provider of outcome-oriented predictive maintenance solutions for manufacturing and industrial companies. Its predictive maintenance solution enables a reduction in unplanned machine downtimes by up to 50%, increased maintenance staff productivity by up to 30%. The global industrial analytics software company is headquartered in Southampton, in the UK.

Margherita Adragna, CEO of Customer Services for Digital Industries, Siemens AG, commented on the acquisition: “Senseye’s AI based solutions complement our digital services portfolio driving efficient and scalable predictive maintenance. This will allow us to offer highly flexible solutions to help our customers across many industries to determine the future condition of their machinery and hence, increase their overall equipment effectiveness.”

Simon Kampa, CEO of Senseye, added: “Together we can multiply the full potential of Senseye’s innovative predictive technology and deep expertise. Siemens’ global presence and extensive industrial knowledge will ensure that our current and future customers benefit from innovative, seamlessly integrated Industry 4.0 solutions to drive measurable business outcomes.”

Since its inception in 2014, Senseye has focused on scalable and sustainable asset intelligence Software-as-a-Service (“SaaS”) solutions. Senseye uses state-of-the-art, purpose-built machine learning and artificial intelligence to provide a globally scalable solution that enables predictive maintenance, helping to reduce unplanned downtime and improve sustainability. It integrates seamlessly with existing and new infrastructure investments, using machine, maintenance, and maintenance operator behaviour data to understand the future health of machinery and what requires human attention. The solution is designed for maintenance operators and requires no previous background in data science or traditional condition monitoring.