Koch Engineered Solutions (KES), a unit of Koch Industries, Inc. focused on developing and delivering innovative technical and service solutions for industrial value chains, has announced that it is adding advanced analytics and energy management solutions to its wide-ranging and growing product portfolio. EFT Analytics (EFT), a provider of predictive analytics, process optimisation, and energy management solutions, will join the KES family of companies, broadening KES’s global presence and allowing it to deliver more value to customers across various industries.
“KES is always striving to offer actionable solutions to our customers, and the addition of EFT allows us to bring a whole new set of data-focused capabilities to the table,” said Dave Dotson, President of KES. “By combining EFT’s analytics platforms with KES’s deep domain expertise and knowledge in advanced engineering capabilities and equipment, we’re creating truly world-class solutions for our industrial customers. We’re able to help them use their data to be more efficient, more compliant, and ultimately, more profitable.”
EFT provides operations experts in the field with actionable insights via complex analysis to make work more effective and meaningful. The company brings its innovative CORTEX advanced analytics and Energy Manager platforms, which are proven solutions used across a variety of industries from refining, to pulp and paper, to the steel industry and beyond. Customers are now poised to gain good value with EFT’s data analytics expertise integrated into KES’s full-service solutions.
“KES has a long history of creating innovative hardware, design, and process solutions for its customers across a wide range of industries,” said Brent Youngers, President of EFT. “When we layer on EFT’s advanced analytics and machine learning capabilities, we can offer those customers the next evolution of service by operationalising their data and putting the power of real-time actionable analysis into the hands of subject matter experts and operators.”
The addition of EFT to KES builds upon a successful partnership history between the two companies. In January 2019, EFT began working with KES subsidiary John Zink Hamworthy Combustion on Smart Combustion technology. As part of that partnership, the companies are focusing on the commercialisation of a Smart Combustion solution – Ember – for customers in industrial value chains. Ember will allow facilities to optimise control of their combustion systems, improving production efficiency, asset health, and environmental performance.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09092019/koch-engineered-solutions-acquires-eft-analytics/