Marposs acquires data analysis and AI company

Published
March 10, 2023 - 08:00am
Marposs acquired AI firm

Marposs Corporation, a global leader in measurement, inspection, and test technologies, has acquired the majority share of Digital Strategy Innovation (DSI), a start-up company and specialist in applied research in AI, big data, and data analysis located in Venice, Italy.

Founded in 2020 within the Ca' Foscari University of Venice and supported by VeniSIA, the university's innovation and sustainability accelerator, Digital Strategy Innovation provides consulting services in the IT field, in the integration of digital systems and services and sensors. It acts as an intermediary between the academic and the industrial sector, working with companies such as Electrolux, Microtec, and others.

In a statement, the company said that the company's operating environment in the academic world helped DSI to develop a portfolio that includes the design and integration of sensors used to power machine-learning platforms.

For Marposs, the acquisition of Digital Strategy Innovation provides a cutting-edge development environment where the company can perfect new projects in parallel and complementary sectors to those in which It already operates. The combination of the expertise of DSI's researchers and the Marposs experience and global presence will enable Marposs to accelerate the development of innovative solutions, particularly in the field of E-Mobility and the improvement of digital platform and data process services, enabling it to enhance its portfolio of advanced technological solutions for customers.

This investment is part of a broader investment strategy of Marposs Group focused on accelerating innovation by acquiring and developing investments in new technologies. Since 2000, the company has acquired nearly 30 companies, significantly expanding its technical capability and product offerings for existing and new markets including machine tools, E-mobility, medical devices, semiconductors, aerospace, glass, and more.

Related Glossary Terms

  • parallel

    parallel

    Strip or block of precision-ground stock used to elevate a workpiece, while keeping it parallel to the worktable, to prevent cutter/table contact.

INDUSTRY NEWS

04/16/2024
Shelton Machinery has acquired Municipal Tool & Machinery, and launched a new parent company called TSM Group. TSM is the new parent of Shelton Machinery, Concept Machinery and Municipal…

04/15/2024
Sandvik has signed an agreement to acquire Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling…

04/11/2024
WALTER Surface Technologies is pleased to announce the acquisition of PushCorp, Inc., a USA-based, industry-leading manufacturer of robotic end-of-arm-tools for material removal applications.