B&D Industrial Inc., Macon, Georgia, on Thursday announced it has acquired GTI Predictive Technology, a division of GTI Spindle Technology Inc., Manchester, New Hampshire. Financial terms of the deal weren’t disclosed.
“The timing couldn’t be better for GTI Predictive Technology coming on board with B&D,” said Ben Nations, co-CEO, B&D Industrial. “We are keenly focused on Industry 4.0 solutions as part of our strategic plan. GTI has over a decade of experience delivering IIOT solutions for a very impressive customer base. Their software platform and product family can accommodate vibration data collection/analysis, balancing, shaft alignment, thermography and ultrasound in a very user-friendly and affordable package for our customers.”
“Passing the torch to B&D is a proud moment for myself and the GTI team,” said Tom Hoenig, owner/president, GTI. “Using Apple’s iPad and wireless technology to change the landscape of the predictive industry was just the start of what can be done. B&D is a clear choice for my vision to bring more innovation to the Industrial Internet of Things. Bringing the GTI team together with the innovators at B&D will in no doubt be a win/win for the industry.”
Added Nations: “B&D will continue to invest in development of the software and sensors and will be adding many new applications in the years to come — the possibilities are almost limitless. We are excited to have Tom Hoenig continue to be involved with the R&D moving forward, as he is a true visionary when it comes to IIOT solutions in the real world of our customers’ facilities.”
Editor’s note: An earlier version of this article misspelled the name of GTI Predictive Technology in the headline. MDM regrets the error.