Brüel
& Kjær Vibro today announces that it has completed the
acquisition of US-based vibration technology platform Setpoint.
Setpoint is a leading provider of vibration and condition monitoring
equipment, primarily to the oil and gas and power generation sectors, as
well as to other industries. Its technology enables customers to improve
machinery availability and reliability by delivering accurate mechanical
condition information, helping to enhance their productivity and improve
their return on investment.
Roderik Wiedemeier, President of Brüel & Kjær Vibro, said: “Setpoint is
a high-quality strategic addition to Brüel & Kjær Vibro. In the oil and
gas sector, Setpoint’s technology fulfills a critical role in operating
and optimizing rotating and reciprocating assets. These most
technologically advanced solutions allow clients to proactively plan and
manage maintenance requirements such as shutdowns and overhauls.”
The Setpoint product line consists of a machinery protection system
(MPS) and a condition monitoring system (CMS). While the Setpoint MPS
fulfills most industry standard specifications for protecting rotating
and reciprocating machinery against catastrophic failure the Setpoint
CMS utilizes the powerful capabilities of OSIsoft’s® PI
database functionality. “This opens an entirely new paradigm as to how
condition monitoring is being exercised. Customers will benefit from the
flexibility and user-friendliness of this powerful CMS” says Amitabh
Khosla, Regional Sales Director Americas.
“Not only do the products meet today’s market requirements, the
acquisition gives us access to advanced technology which will also allow
us to further develop products and will enable us to meet the
requirements of the future” says Dr. Raimund Trockel, VP Technology at
Brüel & Kjær Vibro.
“This is a strategic move for Setpoint,” says Randy Chitwood, VP at
Setpoint. “There are many advantages to becoming part of this global
group. Brüel & Kjær Vibro has a strong interest in developing and
investing in Setpoint’s technology, and its highly talented workforce.
We will have the opportunity to accelerate Setpoint’s growth and
expansion into key international markets.”
About Brüel & Kjær Vibro
Brüel & Kjær Vibro is a supplier of vibration and condition
monitoring solutions to the power generation and the oil & gas industry
besides other process industries. Its history reaches back into the
1960’s and consists today of former Schenck of Darmstadt/Germany and
Brüel & Kjær of Nærum/Denmark. Today, Brüel & Kjær Vibro has operations
in Germany, Denmark, the USA and China and has a global sales and
service reach.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170518005465/en/
Copyright Business Wire 2017
Source: Business Wire
(May 18, 2017 - 7:00 AM EDT)
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