Last checked at 23 Nov 2023 07:00
Weir acquires innovative developer of AI process optimisation solutions
Weir, a global mining technology leader, has acquired SentianAI, a Swedish-based developer of AI solutions that optimise performance in minerals processing. With this acquisition, Weir is accelerating its technology roadmap and expanding its digital capability to provide enhanced productivity and sustainability offerings to customers.
SentianAI, founded in 2016, is based in Malmö and has a team of highly skilled software developers and data scientists. The software that it develops uses advanced AI algorithms that continuously learn and adapt to the dynamic processes within a mine, providing continuous improvement and optimisation over time.
Commenting on the acquisition, Jon Stanton, CEO of The Weir Group said:
"Digital technology has an important role in helping address the challenges of declining ore grades, production efficiency, and CO2 emissions for our customers. SentianAI's advanced software solutions complement and will bridge our Synertrex® and Motion MetricsTM technologies well. Together, these will enable us to provide holistic performance monitoring and optimisation for smart, efficient and sustainable mining. We welcome SentianAI's team of experts to Weir."
Find out more about SentianAI at: https://sentian.ai/
Enquiries: | |
Investors: Edward Pears Media: Sally Jones Citigate Dewe Rogerson: Kevin Smith | +44 (0) 141 308 3725 +44 (0) 141 308 3666 +44 (0) 207 638 9571 Weir@citigatedewerogerson.com |
About The Weir Group PLC
Founded in 1871, The Weir Group PLC is one of the world's leading engineering businesses with a purpose to make its mining and infrastructure customers' operations more sustainable and efficient. Weir's highly engineered technology enables critical resources to be produced using less energy, water and waste while reducing customers' total cost of ownership. The Group is ideally positioned to benefit from structural trends that support long-term demand for its technology including the need for more essential metals to support economic development and carbon transition. The Group has c.12,000 employees operating in over 60 countries with a presence in every major mining region of the world. Find out more at www.global.weir.
Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN) and its American Depositary Receipts trade over-the-counter in the USA (ticker: WEGRY).