Schaeffler to acquire ECO-Adapt
Acquisition set to strengthen Industrial division’s position in field of digitally based predictive maintenance
GLOBAL automotive and industrial suppliers Schaeffler have announced the acquisition of 100% of the shares in ECO-Adapt SAS, providers of innovative solutions for condition monitoring based on electrical signal analysis and systems for the optimization of energy consumption.
The acquisition will expand Schaeffler’s Industrial division’s portfolio of Lifetime Solutions and strengthens its position in the field of digitally based predictive maintenance. The Lifetime Solutions portfolio contains an extensive range of service offerings for industrial maintenance of machines throughout their operating life – from heating devices, alignment tools and condition-monitoring solutions through to a wide selection of lubricants and matching automated lubricators.
OPTIME Condition Monitoring now offers a reliable predictive maintenance solution for industrial machinery based on signal analysis of vibration and temperature data. ECO-Adapt completes this scope by offering maintenance information on the basis of electrical signal analysis, providing additional security against potential failures of electrical components.
Operators have the advantage of covering both mechanical and electrical issues with a holistic predictive maintenance system, marking a significant step towards the more sustainable operation of machines.
The ECO-Adapt product line comprises a comprehensive range of products that also covers customers energy-monitoring needs. ECO-Adapt answers a constant request from customers: make monitoring easy to implement and use.
The ECO-Adapt product line also provides revolutionary multi-circuit meters to facilitate industrial sub-metering, with a full cloud-based solution, including customized analytics and dashboards. Energy monitoring makes it possible to optimize overall energy consumption and provides information to find the optimum operating points of machines in the most energy-intensive industries, such as cement.
‘Condition monitoring of all critical powertrain components is a challenge for our customers in all industrial sectors. Our customers need scalable and holistic monitoring solutions that provide detailed insights into the condition of the mechanical parts, as well as the electrical components of electric motors in rotating machines,’ said Rauli Hantikainen, head of Schaeffler’s Lifetime Solutions strategic business unit.
‘By working with ECO-Adapt, we can offer our customers top-quality services and solutions for bearings and electric powertrain components – throughout their entire lifecycle.’
Established in 2012 and headquartered in Paris, France, ECO-Adapt combine smart hardware and data analytics to provide solutions for the analysis and optimization of energy consumption and the predictive maintenance of electric rotating machines.
‘Schaeffler are the ideal owner and strategic partner for us to continue our successful course in the future. Their expertise in industrial automation will allow us to scale up our offering and win many new customers. By combining our strengths in R&D, we will be able to launch promising new products in the field of innovative condition monitoring on to the market,’ said Laurent Laparra, chief executive officer of ECO-Adapt.
The acquisition will take place by means of a share-purchase agreement for 100% of the shares. Both parties have agreed not to disclose the financial details of the transaction, which is scheduled to complete during the first half of 2023, subject to customary closing conditions being met.
