Baker Hughes set to acquire ARMS Reliability
Company News

Baker Hughes set to acquire ARMS Reliability

Baker Hughes, an energy technology company, has announced that it is acquiring ARMS Reliability, a provider of solutions to industrial companies across mining, oil and gas, power, manufacturing, and utilities. The acquisition is intended to strengthen Baker Hughes’ industrial asset performance management (APM) capabilities and to expand the company’s industrial asset management offerings.

APM solutions leverage data capture, integration, visualisation, and analytics to improve the reliability and availability of physical assets. ARMS Reliability’s asset strategy management, asset reliability services, and consultancy experience, along with its OnePM software offering, will integrate into Bently Nevada’s system 1 software platform from Baker Hughes, which provides plant wide asset health monitoring and protection. The combined offering will provide Baker Hughes’s customers with a full spectrum of APM services to enhance industrial operational efficiencies, extend asset life cycles, and reduce non-productive downtime, according to a company release.

The acquisition is expected to close in the second quarter of 2021 and will be integrated into the Bently Nevada product line within Baker Hughes’ digital solutions segment.

According to the asset performance management market global forecast to 2025, APM services are deployed in industrial sectors and can deliver up to a 30% reduction in maintenance cost, up to a 75% decrease in machine breakdowns, and up to a 45% reduction in downtime.

Written from a company news release.

Image source

Baker Hughes, an energy technology company, has announced that it is acquiring ARMS Reliability, a provider of solutions to industrial companies across mining, oil and gas, power, manufacturing, and utilities. The acquisition is intended to strengthen Baker Hughes’ industrial asset performance management (APM) capabilities and to expand the company’s industrial asset management offerings. APM solutions leverage data capture, integration, visualisation, and analytics to improve the reliability and availability of physical assets. ARMS Reliability’s asset strategy management, asset reliability services, and consultancy experience, along with its OnePM software offering, will integrate into Bently Nevada’s system 1 software platform from Baker Hughes, which provides plant wide asset health monitoring and protection. The combined offering will provide Baker Hughes’s customers with a full spectrum of APM services to enhance industrial operational efficiencies, extend asset life cycles, and reduce non-productive downtime, according to a company release. The acquisition is expected to close in the second quarter of 2021 and will be integrated into the Bently Nevada product line within Baker Hughes’ digital solutions segment. According to the asset performance management market global forecast to 2025, APM services are deployed in industrial sectors and can deliver up to a 30% reduction in maintenance cost, up to a 75% decrease in machine breakdowns, and up to a 45% reduction in downtime. Written from a company news release. Image source

Related Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code