Yokogawa Electric Corporation has increased its investment in Semantum Oy — a Finnish company that provides digital solutions for industrial plant data modelling, simulation, optimisation, and engineering automation. With this investment, Semantum will become an affiliated company of the Yokogawa group.
Yokogawa first invested in Semantum in 2019, and the two companies jointly developed the OpreX Data Model Broker, a product in Yokogawa’s OpreX Connected Intelligence lineup.
Kazuhiko Takeoka, senior vice-president, executive officer and head of the digital solutions HQ at Yokogawa Electric, said, “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 operational insight and efficiency.”
OpreX Data Model Broker verifies the consistency of data in different plant designs and instrumentation systems and enables inter-utilisation by applying ontology — an AI technique to make computers mimic how humans understand information — in database operation and management.
This investment will enable Yokogawa to expand its digital experience capabilities by leveraging Semantum’s software development expertise to elevate the company’s digital twin and semantic data modelling technologies.
Simultaneously, Semantum will accelerate its geographical and market expansion plans, capturing new markets and expanding existing business in the fast-growing digitalisation and systems simulation market. The investment is part of Yokogawa’s mergers and acquisitions (M&A), as well as partnership initiatives.
Semantum managing director Antti Villberg 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.”