Baker Hughes Co. announced on Feb. 18 the acquisition of ARMS Reliability, a global provider of reliability solutions to some of the world’s largest industrial companies across a wide range of industries including mining, oil and gas, power, manufacturing and utilities.
“The acquisition of ARMS Reliability emphasizes Baker Hughes’ commitment to empower the digital transformation of our customers’ industrial assets and strategically invest for growth in industrial asset management,” said Rami Qasem, executive vice president of Digital Solutions at Baker Hughes, in a statement.
The acquisition is expected to close in second-quarter 2021 and will be integrated into the Bently Nevada product line within Baker Hughes’ Digital Solutions segment. Terms of the transaction were not disclosed.
ARMS Reliability provides asset performance management solutions that leverage data capture, integration, visualization and analytics to improve the reliability and availability of physical assets.
Asset performance management services are deployed in some of the world’s most complex industrial sectors and can deliver up to a 30% reduction in maintenance cost, up to a 75% decrease in machine breakdowns, and up to a 45% reduction in downtime, the Baker Hughes release on Feb. 18 said citing the Asset Performance Management Market Global Forecast to 2025.
Baker Hughes’ Bently Nevada business is an industry leader in condition monitoring and asset protection with over 60 years of expertise and over 6 million sensors installed globally. By combining ARMS Reliability’s asset strategy management, asset reliability services and consultancy experience, along with its OnePM software offering into Bently Nevada’s System 1 software platform, Baker Hughes will be able to provide customers with a full spectrum of asset performance management services to enhance industrial operational efficiencies, extend asset lifecycles and reduce non-productive downtime.
“This is another exciting step forward as we look to be the partner of choice and offer our customers a complete set of services across the entire industrial asset lifecycle,” Qasem said.
Additionally, the agreement is expected to drive strong growth in asset performance management adoption in other geographic markets, as well as enabling synergies from a broader combined offering with Bently Nevada. ARMS Reliability’s global customer base already has strong adoption in the U.S. and Australia.
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