Siemens Agrees to Acquire Senseye

Siemens is further expanding its portfolio in the field of innovative predictive maintenance and asset intelligence with the acquisition of Senseye. The global industrial analytics software company is headquartered in Southampton, the UK.

Senseye is a leading provider of outcome-oriented predictive maintenance solutions for manufacturing and industrial companies. Their predictive maintenance solution enables a reduction in unplanned machine downtimes by up to 50%, and increased maintenance staff productivity by up to 30%.

Furthermore, Senseye solutions support an improvement in corporate sustainability through increased asset lifetime and waste reduction. Since June 1st, 2022 Senseye is a 100 percent subsidiary of Siemens in the UK. The company is assigned organizationally to Siemens Digital Industries and is part of the Customer Services Business Unit.

“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,“ said Margherita Adragna, CEO of Customer Services for Digital Industries at Siemens.

“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,“ added Simon Kampa, CEO of Senseye.

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 behavior 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.