The acquisition pace within the industrial technology space continues. Some companies pursue partnerships, but most are growing their portfolios through acquiring. Emerson has been aggressively on the acquisition path. This action is another step.
Emerson has acquired KnowledgeNet (KNet) software from Tunisia-based Integration Objects. KNet’s unique analytics application software accelerates digital transformation initiatives for process and hybrid industries.
KNet is used to extract, clean, transform and analyze operational and manufacturing data. Using libraries of advanced statistical and machine-learning algorithms, the software consumes large quantities of diverse information technology (IT) and operational technology (OT) data into actionable knowledge that drives real-time decisions to improve process and asset performance.
“Emerson has had a long-standing alliance with Integration Objects and has used KNet to solve complex operational challenges for its customers,” said Pat Fitzgerald, vice president and general manager of Emerson’s reliability solutions business. “We are excited to leverage KNet’s easy-to-use advanced analytics and automated root cause identification to provide differentiated insights into operational health to improve uptime and performance.”
KNet will be integrated with Emerson’s Plantweb digital ecosystem, which helps customers deliver measurable business outcomes from digital transformation initiatives. Combined with Emerson’s extensive Failure Modes and Effects Analysis (FMEA) Library and consulting services, KNet will enhance the comprehensive analytics solution Emerson offers to customers.
“Integration Objects is proud of KNet’s industry impact and excited to see the future of this unique software,” said Samy Achour, CEO and founder of Integration Objects. “The integration of KNet into Emerson’s Plantweb ecosystem will help companies continuously improve their operations by making informed decisions with the latest real-time data and expert knowledge, and migrate from reactive to proactive operations.”
“The acquisition of KNet’s application software will further enable Emerson to deploy our industry expertise and solution capabilities to help customers decrease energy use and increase safety, asset availability and production,” said Jim Nyquist, group president of Emerson’s systems and solutions business.
In addition, Emerson will hire several team members from Integration Objects and open a new branch office in Tunis, Tunisia, to support the integration of KNet.