Alcuin is pleased to announce that ITI Group has acquired AssetMinder, a provider of condition-based monitoring solutions. The transaction follows ITI’s recent acquisition of Noveum.
Dominic Murphy, CEO of ITI Group commented: “We work with our clients to modernise their assets and operations, leveraging technology and data to improve productivity. AssetMinder’s monitoring solution complements ITI’s existing capabilities and will provide additional data-driven insight into the condition and reliability of client infrastructure, allowing them to optimise efficiency, plan maintenance more effectively and reduce costly unplanned downtime.”
Patrick Nash, AssetMinder CEO said: “Joining ITI Group gives us a great opportunity to scale the AssetMinder offering across several industries. Our solution provides automated insights covering asset maintenance, health and energy usage; it is easy to deploy and highly valued by our clients. AssetMinder now comes with the added depth of expertise and full support of a trusted integration partner.”
Mark Hardy, Chairman of ITI Group and AssetMinder commented: “I’m delighted we’ve brought these two businesses together. By combining AssetMinder’s technology with ITI Group’s scale and reach we’re creating a powerful platform that enables more customers to access our broad suite of digitalisation services, at a compelling, low-cost entry point.”
