Yokogawa invests in Semantum to strengthen digital solutions

Yokogawa first invested in Semantum in 2019, and the two companies jointly developed the Oprex^TM Data Model Broker, a product in Yokogawa's OpreX Connected Intelligence lineup. This product automatically verifies the consistency of data in different plant designs and instrumentation systems and enables their inter-utilisation by applying ontology, an AI technique, in database operation and management.

This investment will enable Yokogawa to expand its DX capabilities by leveraging Semantum's software development expertise to elevate the company's digital twin and semantic data modelling technologies. At the same time, it will also allow Semantum to accelerate its geographical and market expansion plans, capturing new markets and expanding existing business in the fast-growing digitalisation and systems simulation market.

Kazuhiko Takeoka, a Senior Vice President & Executive Officer and Head of the Digital Solutions Headquarters at Yokogawa Electric, commented: “We welcome Semantum to the Yokogawa family. This deepened relationship will allow us to integrate Semantum's capabilities more deeply into our OpreX solutions, providing our customers with unparalleled operational insight and efficiency.”

Antti Villberg, Managing Director of Semantum, added: “Becoming an affiliate of the Yokogawa Group marks an exciting new chapter for Semantum. This partnership strengthens our ability to scale our business globally and accelerates our mission to deliver innovative engineering automation and digital twin solutions to customers worldwide.”

Read the article online at: https://www.hydrocarbonengineering.com/refining/22012026/yokogawa-invests-in-semantum-to-strengthen-digital-solutions/