January 16, 2021
Sandvik has acquired a minority stake in the privately owned American software company Oqton, a leading provider of AI-powered manufacturing solutions that allows manufacturers to manage, optimize, and automate their manufacturing workflows.
“This investment is in line with our strategic agenda to broaden our offering in digital manufacturing. We are looking forward to working with Oqton and finding ways to expand our offering for increased customer productivity by creating new products that take advantage of Sandvik’s extensive know-how about manufacturing processes and Oqton’s AI-powered manufacturing solutions”, says Stefan Widing, President and CEO of Sandvik.
Oqton provides a secure end-to-end cloud-based manufacturing platform that links data across the complete manufacturing ecosystem, from design to production, to logistics. Their open and agnostic cloud-based platform enables manufacturers to operate agile factories and manage complex product mixes, with lower inventory and a simplified supply chain.
“Oqton’s solution targets inefficiencies and waste in the manufacturing workflow. We believe that our relationship with Oqton will give us further opportunities to define and reduce waste throughout the entire manufacturing process. We share the same desire to automate workflows and make our customers more efficient”, says Mathias Johansson, President of the Design & Planning Automation division in Sandvik Manufacturing Solutions.
Founded in 2017, Oqton has 60 employees, the corporate base in San Francisco, USA, and three R&D centers located in Belgium, Denmark and China.
The relationship with Oqton will be managed by Sandvik Manufacturing Solutions’ division Design & Planning Automation, within the business area Sandvik Manufacturing and Machining Solutions. The amount of the investment was not disclosed.
Stockholm, 15 January 2021
Sandvik AB
For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 (0) 70 782 63 74 or Edvard Bergström, Vice President Communications Relations and Productions, phone: +46 (0) 70 993 83 11.
Sandvik invests in leading AI-powered manufacturing software provider Oqton (PDF)
On the morning of April 30th,In order to further strengthen the work of safety production during the May Day period,,Shandong Heavy Industry Group Holds Special Meeting on Work Safety,In-depth implementation of General Secretary Xi Jinping's impor
May 1,At“May Day”On International Labor Day,Held by Sinotruk“Sinotruk Open Day”Activity,Invite employees and their families to enter Sinotruk,Feel the new changes of enterprise reform and development from zero dis
Recently,Qinghai Lake Tourist Highway(IPeriod)The project officially started construction.,DynapacSD2550CSFlagship paver goes to the plateau again under harsh working conditions,Push forward the project at full speed。
April 28,With“Embrace the new era of automobiles and create a better new life”The Anhui Theme Day of the 2024 Beijing International Automobile Exhibition was held at the China International Exhibition Center in Beijing.。Hanma Science and Te
Copyright Notice 2002-2024 global-ce.com Construction Machinery Online. All rights reserved.
Address: Room 901, Building C, Ruipu Mansion, Hongjunying South Road No.15, Chaoyang District, Beijing.100107 P.R.China