GF Machining Solutions to acquire software specialist

GF Machining Solutions to acquire software specialist

Acquisition of Symmedia GmbH is in line with GF Machining Solutions’ strategy to digital its offerings.

Economy/M&A Software/IoT/Apps

Lincolnshire, Illinois – GF Machining Solutions has agreed to purchase 100% of the shares of Symmedia GmbH, based in Bielefeld, Germany. The privately-owned company has been specializing in software for machine connectivity solutions for the past 20 years.

The secure interconnection of machines is the basis of the future development of industrial processes, commonly described as Industry 4.0. Symmedia has developed and offers these interconnections as a key player in factory digitalization.

Symmedia was established in 1997 and today employs 60 people. More than 15,000 machines in various industries worldwide have been equipped with its software. The company will continue to support and develop connectivity solutions for all types and all brands of machines and factory equipment. In addition, GF Machining Solutions will use Symmedia technology to accelerate its digital transformation by offering complete solutions for factory connectivity in industrial environments.

Symmedia will continue to operate under its current management from its Bielefeld base. Both parties have agreed not to disclose any financial details.

“We warmly welcome Symmedia to the Georg Fischer family and look forward to supporting the further development of its connectivity solutions for a whole range of clients. This new partnership will also allow us to speed up and widen the range of the digital solutions we offer to our customers,” states Yves Serra, CEO of Georg Fischer, parent company of GF Machining Solutions.

Peter Barkowsky, co-founder and managing director of Symmedia adds, “Our customers are machine manufacturers who provide services in textiles, pharmaceuticals, food, electronics, plastics, printing, tooling, and other industries. As a member of the GF family we will be able to deepen the cooperation with our global customers but also to help GF to accelerate its digital transformation.”

Dr. Albert Christmann, CEO Oetker Group and chairman of the board of Symmedia, comments, “Leading shareholders Gundlach Group and Oetker Group are grateful to the management and team of Symmedia for a truly innovative and very successful buildup of a niche market leader. We also thank our customers for outstanding relations and wish all stakeholders a prosperous next stage for Symmedia.”

Symmedia has been developing service solutions for the mechanical engineering sector since 1997. Symmedia SP/1 software is used as the internet of machines in more than 100 countries. Leading machine manufacturers and operators use the software as a convenient service portal with remote service, parts, maintenance, and monitoring being proactively offered directly at the machine. The performance figures of the service organization on facility availability, productivity, and overall equipment effectiveness (OEE) are available to management everywhere, wherever they are.