Elisa and German-based industrial'software provider'camLine'Group have signed an agreement in which Elisa acquires 'the' camLine Group.' The combination of two strong industrial software players with'unique offering provides value for'customers and speeds up growth in new markets.
Smart manufacturing is a'fast-growing'software'market, where'Elisa'has been'delivering Smart Factory'solutions for'over five years.'Elisa's Smart Factory, consisting of'2D/3D'dashboards, machine learning and smart Lockout Tagout solution,'is based on its proven data analytics, data integration, and'AI'capabilities from'Elisa's telecom'heritage.'
camLine'is a'software solution provider for manufacturing industry'with strong focus on MES, quality and operational excellence. The company has a global customer base, including semiconductor and electronics manufacturers, solar industry, advanced materials and medical devices.'camLine'has'over 30'years'of experience'and 220'professionals'in'8'countries, and its solutions are being used by customers in over 350 factories worldwide. Their flexible and easily configurable system provides comprehensive'solution to increase productivity, effectiveness and efficiency.
Joining forces speeds up'camLine's'growth'further'by adding'machine learning, artificial intelligence and 3D functionalities to its offering, as well as'industrial software growth'of both companies in the manufacturing industry'by'a more comprehensive product portfolio.
camLine's'CEO,'Heinz'Linsmaier: 'We are excited to join Elisa'who is a strong partner giving continuity and further growth.'Their technological and machine learning know-how is impressive, and they have the capabilities to support companies through'the'digitalisation'journey in manufacturing. Together we have ambitious goals,'Elisa's unique offering'and'ML/AI capabilities will help'us'become more competitive in the growing smart factory market.·
The acquisition is consistent with Elisa's strategy to grow digital businesses internationally and to accelerate the Elisa Industrial Software business.'camLine'will operate as an independent subsidiary supported by Elisa's resources and'capabilities,'and the current management continues in their roles.
“The acquisition will speed up Elisa industrial software business growth in several industries. camLine has deep industrial expertise, long-term customer relationships and strong market position. Elisa Smart Factory solutions with ML/AI capabilities complement camLine’s offering. This combination gives us opportunity to provide unique value for the'customers and speeds up growth for both solutions,' says Lasse Nordlund, VP Elisa Industrial IoT.
