Kongsberg Digital enters into strategic alliance and invests in eSmart Systems
From left: Hans Martin Hovengen (Chief Operations Officer eSmart Systems), Knut H.H. Johansen (CEO eSmart Systems), Hege Skryseth (President Kongsberg Digital), Andreas Jagtøyen (Senior Vice President, KDI Energy).
Kongsberg Digital invests NOK 100 million in Norwegian company eSmart Systems and acquires a 34 per cent ownership share.
The companies enter into a comprehensive partnership involving digital development and services for advanced analytics and machine learning to Norwegian and international customers in the power sector. The alliance establishes a strong Norwegian industrial player with international impact.
eSmart Systems is a provider of digital service solutions and represents a leading environment within advanced analytics, machine learning and the Internet of Things (IoT). The company is an innovative driver in the power industry and delivers digital solutions based on Microsoft’s cloud based solution “Azure”.
In 2015, the company had a turnover of NOK 40 million. Since it was founded in 2013, many power companies have used their digital services to optimise their operation and performance.
“The power industry faces major changes with extensive digitalisation. The installation of smart meters will provide much more data and the possibility of control and advanced analytics. eSmart Systems has in few years built up a technological platform and a strong position for digitalisation of the power industry. The company has leading expertise within advanced analytics and machine learning, which is a perfect match for Kongsberg Digital’s competence within this field in addition to our industrial experience and global positions. This partnership establishes a strong Norwegian alliance with international ambitions”, says Hege Skryseth, President of Kongsberg Digital.
“The company is internationally recognised by Microsoft, both for the solution they have developed and the technological expertise they possess. Teaming up with Kongsberg Digital will make the technology and competence relevant for other industrial areas as well. We are already working together on different projects and experience that we complement each other well”, says Skryseth.
The partnership positions Kongsberg Digital and eSmart Systems as a leading supplier in the growing market for digital solutions and within renewable energy.
“Our goal since starting up in 2013 has been to establish a major Norwegian player in the international market. We are therefore very happy and highly motivated to enter into this close partnership with Kongsberg Digital. KONGSBERG represents the best of Norwegian technology and has an impressive international standing. This will certainly help our ambitions of becoming a world-leading supplier of digital intelligence for the energy sector”, says Knut H. H. Johansen, founder and CEO of eSmart Systems.
“This partnership will see new, groundbreaking digital solutions for IoT, smart data and artificial intelligence combined with decades of technology development and international industrial experience. It is a combination that will add considerable value to both Kongsberg Digital and eSmart Systems”, says Johansen.
For further information, please contact:
Hege Skryseth, President of Kongsberg Digital, (+47) 905 51 525, email@example.com.
Knut Johansen, CEO, eSmart Systems, (+47) 909 81 318