Proemion Holding GmbH, a global provider of advanced data and analytics technologies for mobile industrial assets, announces an agreement to acquire TrendMiner NV, an industrial analytics company, from Software AG.
The spin-out and acquisition of Belgium-based TrendMiner will significantly expand Proemion’s analytics capabilities for critical industrial equipment, helping equipment manufacturers and operators to remotely and continuously collect machine data to maximize availability and performance.
TrendMiner produces a complementary web-based self-service analytics platform for monitoring critical equipment in complex industrial environments.
The technology enables teams to collaborate, learn, and improve the overall performance of the entire production.
TrendMiner’s technology is used across all industries, including chemicals, oil and gas, pharmaceuticals, power generation, food and beverages, and high-tech manufacturing.
“We are thrilled to welcome TrendMiner into the Proemion family and to extend our business into new promising areas of machine monitoring and industry,” says Robert Thomas Michaelides, CEO of Proemion.
“TrendMiner will allow us to provide critical analysis software in a wider range of industrial contexts, to sell to a new cohort of customers, and to help companies operate more efficient, safer, and more environmentally friendly industrial facilities.
We look forward to leveraging TrendMiner’s robust offering for process industries and optimizing the capabilities that TrendMiner provides to leading process manufacturing companies globally.”
Joan van de Wetering, CEO of TrendMiner, adds: “The partnership with Proemion will provide us with a solid platform to continue investing in our cutting-edge industrial analytics solution both inside and outside manufacturing sites.”
Proemion will continue to sell products under the TrendMiner brand.
Proemion was established in 1987 and entered into a partnership with Battery Ventures, a global technology-focused investment firm, at the end of 2022.
The company’s technology enables clients operating in sectors such as construction, agriculture, logistics, and natural resources to better manage equipment, plan maintenance, save fuel costs, produce CO2 emission reports, and more.
“In today’s interconnected world, data and analytics technology has become essential for industrial companies to maintain and operate advanced systems and critical equipment,” concludes Max Kaye, a Battery Ventures executive who sits on Proemion’s board of directors.
“The acquisition of TrendMiner creates significant new opportunities that will allow Proemion to expand its offerings and help its industrial clients optimize their operations.”
