HeidelbergCement take minority stake in Giatec Scientific
Cement giant makes strategic investment in Canadian concrete monitoring technology company
HeidelbergCement have continued to advance their digital transformation by acquiring a strategic minority stake in Canada-based technology company Giatec Scientific through a low single-digit million Euro investment.
Giatec’s suite of hardware and software products has leveraged advanced technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT), including wireless concrete sensors, mobile apps, and advanced non-destructive testing technologies (NDT), to drive innovation throughout concrete’s lifecycle and reduce concrete’s carbon footprint.
Together with their new partner, HeidelbergCement will drive the development and adoption of industry-leading sensor technology and AI-driven software with the clear target to reduce the carbon footprint of concrete and optimize processes for their ready-mixed concrete customers.
Giatec’s suite of proprietary smart sensors helps with accurate monitoring of concrete throughout its lifecycle, from production to delivery and placement. Combined with sophisticated AI algorithms, which learn continuously from past and present data sets, the real-time sensor data allows concrete producers to optimize concrete mixes, with up to 20% cement reduction in certain applications.
At construction sites, the data help contractors build faster, more safely, more economically, and – most importantly – significantly more sustainable.
By integrating Giatec’s products with HeidelbergCement’s own digital offering, HConnect, as well as with their strategic investment in Command Alkon, the company aims to lead the industry towards simplicity and sustainability and create a best-in-class customer experience.