FUCHS acquires Fluid Vision Technologies, LLC.
FUCHS PETROLUB SE, the world’s largest independent manufacturer of high-quality lubricants and related products, acquired the business of Dallas, Texas-based wireless sensor technology company Fluid Vision Technologies, LLC for less than EUR 1 million.With this acquisition, FUCHS Industrial fluid customers can automate process fluid monitoring with the Internet of Things (IoT) technology.
“We are very excited about this contribution to the Smart Factory Revolution,” said Keith Brewer, CEO of FUCHS LUBRICANTS CO. “The Fluid Vision technology provides our customers with optimized fluid maintenance, and improved performance at a reduced cost of ownership.”
About Fluid Vision Technologies, LLC
Fluid Vision Technologies, founded in 2015, focuses on the development of sensor-based automated fluid condition monitoring specific to process fluids. Continued advancement of the technology and software now enable secure data integration and remote monitoring capabilities. The solution not only helps optimize fluid effectiveness, but also reduces waste related cost.