Yokogawa Announces Acquisition of Soteica Visual Mesa

Yokogawa Announces Acquisition of Soteica Visual Mesa

Yokogawa Electric Corporation announces has completed the acquisition of Soteica Visual Mesa (SVM), a leading energy management technology provider, further delivering on a number of key objectives of Yokogawa’s Transformation 2017 mid-term business plan: specifically the expansion of Yokogawa’s advanced solution business, focusing on customers and creating new value.

This announcement marks the completion of the SVM acquisition as a wholly-owned subsidiary of Yokogawa and the initiation of the integration of SVM and the cloud-based “Data as a Service” (DaaS) provider Industrial Knowledge (IK) into KBC Advanced Technologies (KBC), which was acquired by Yokogawa in April 2016. The IK business unit was established to enhance the cloud-based advanced solution business based on the technology of Industrial Evolution (IE), which was acquired by Yokogawa in December 2015. A pioneer in the use of cloud-based solutions in the process industries, IE developed a market-leading real-time DaaS solution that is deployed at many of the world’s major energy and chemical companies.

Yokogawa’s acquisition of SVM follows an earlier minority equity investment in SVM made in December 2012. SVM has a solid track record in the energy management solutions (EMS) field, and provides production accounting and scheduling solutions to the refining industry.

More information: Yokogawa