Chennai, NFAPost: TVS Motor (Singapore) Pte. Limited, a wholly owned subsidiary of TVS Motor Company, has signed definitive agreements to invest $3.2 million in Predictronics Corporation, a US corporation, headquartered in Cincinnati, Ohio.
Predictronics Corporation specialises in providing end-to-end predictive maintenance analytics solutions. The company’s solutions combine expertise in IIoT, Industrial AI, Big Data, Machine Learning, and Predictive Analytics to remove the uncertainty from industrial operations and improve process uptime, production planning and maintenance, among others.
Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore), said, “We evaluated many companies globally providing Predictive Maintenance solutions and found Predictronics’ product offerings and solutions to be a clear differentiator. Their PDX platform collects and analyses big data with a goal of reducing unplanned down time, increasing productivity and improving product quality.”
Edzel Lapira, Co-Founder & CEO of Predictronics said, “We believe TVS Motor Company is an ideal strategic investor and partner for Predictronics with the forward-looking vision, dedication, and clear business case for harnessing the power of advanced analytics technologies.”
Predictronics has been recognised recently by the Manufacturing Leadership Council with a Technology Partner Award for its work with an automotive supplier customer in the area of artificial intelligence and analytics.