Add-on Acquisition • Internet Software and Services

Symphony IndustrialAI Acquires Proceedix

On December 21, 2021, Symphony IndustrialAI acquired internet software and services company Proceedix

Acquisition Context

This is Symphony IndustrialAI’s 1st transaction in the Internet Software and Services sector.
This is Symphony IndustrialAI’s 1st transaction in Belgium.

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M&A Deal Summary
Date	December 21, 2021
Target	Proceedix
Sector	Internet Software and Services
Buyer(s)	Symphony IndustrialAI
Deal Type	Add-on Acquisition

Target Company

Proceedix

Gent, Belgium

Proceedix is a provider of cloud computing, mobile, and wearable technology to offer state-of-the-art human-driven procedure, instruction, and inspection support. Proceedix is based in Gent, Belgium.

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Buyer Overview 1

Buyer

Symphony IndustrialAI

Woburn, Massachusetts, United States

Category	Company
Sector	Information Technology

DESCRIPTION

Symphony IndustrialAI is a provider of an EurekaAI/IoT platform and industrial optimization solutions connect tens of thousands of assets and workflows in manufacturing plants globally and process billions of data points daily, pushing new plateaus in operational intelligence. Symphony IndustrialAI is based in Woburn, Massachusetts.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Belgium	1 of 1
Year: 2021	1 of 1

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