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  5. Symphony IndustrialAI Acquires Proceedix

M&A Deal Summary

Symphony IndustrialAI Acquires Proceedix

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

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

M&A Deal Summary
Date 2021-12-21
Target Proceedix
Sector Internet Software and Services
Buyer(s) Symphony IndustrialAI
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2021 M&A 1 of 1
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