SKF Acquires Industrial AI Company

By Ralph Rio

Acquisition or Partnership

SKF has signed an agreement to acquire Presenso Ltd., a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software.  Presenso's AI capability enables production plants to find and act on anomalies that were previously difficult to detect, automatically and without the need to employ data scientists.  Presenso's competence will be used to strengthen SKF's Rotating Equipment Performance offer.

Presenso is based in Haifa, Israel. The acquisition is subject to certain regulatory approvals and is expected to be completed during Q4 2019.

Ralph Rio, ARC Advisory Group, commented, “As artificial intelligence technology has matured, it has increasingly replaced tradition predictive maintenance algorithms based on first principal mathematics.  Presenso brings AI to SKF’s bearing technology, failure detectability and reliability services.”

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