Koch Engineered Solutions acquires EFT Analytics

Koch Engineered Solutions acquires EFT Analytics
Published: 9 September 2019 - 10 a.m.
By: Martin Menachery
Koch Engineered Solutions (KES), a unit of Koch Industries, Inc., focused on developing and delivering advanced technical and service solutions for industrial value chains, announced it is adding advanced analytics and energy management solutions to its wide-ranging and growing product portfolio.

EFT Analytics (EFT) will join the KES family of companies, broadening KES’ global presence and allowing it to deliver more unique 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’ deep domain expertise and knowledge in advanced engineering capabilities and equipment, we are creating truly world-class solutions for our industrial customers.

We are 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 greater value than ever before 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.

For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.

Click here to add your comment

Please add your comment below
Name
Country
Email
Your email address will not be published
Captcha