Fluke Reliability, an Everett, Washington-based wholly owned subsidiary of Fortive Corporation [NYSE: FTV], which empowers reliability and maintenance teams with the hardware, software, and services they need to optimize asset performance, acquired Azima DLI, a Woburn, Massachusetts-based provider of subscription-based remote condition monitoring and AI-powered vibration analytics software.
The amount of the deal was not disclosed.
Azima DLI’s solution enables industrial businesses to increase asset uptime, reduce reactive maintenance, and optimize manufacturing operations while maximizing revenue through accurate, predictive insights.
The Watchman 360 vibration analytics platform detects specific faults, predicts time-to-failure, and recommends corrective action.
The acquisition also includes remote condition monitoring services, where a team of Azima DLI experts perform complex vibration analysis. The analysis provides customers with reports on maintenance actions; enhancing operations, reducing downtime/cost, and alleviating teams that are expertise-constrained or operating with reduced headcount.
Led by President Ankush Malhotra, Fluke Reliability offers reliability and maintenance teams the tools, software, and services they need to optimize asset performance. Home to iconic brands – PRUFTECHNIK, and eMaint – the company serves more than 70,000 technicians worldwide, informing customers on the health of their assets with software and services that drive maintenance decisions – improving productivity, driving uptime, and reducing costs.
FinSMEs
30/08/2023