The announcement states that Infineon will acquire 100% of the company’s shares, but both parties have agreed not to disclose the amount of the transaction.

Peter Wawer, President of Infineon’s Industrial Power Control business unit, said, “Industrial Analytics has outstanding expertise in using artificial intelligence for predictive analysis of industrial machinery and equipment. Together we intend to expand Industrial Analytics’ business and provide Infineon’s industrial customers with new artificial intelligence solutions to strengthen our semiconductor portfolio.”

The post Infineon acquires startup Industrial Analytics to enhance artificial intelligence analytics services for industrial equipment appeared first on TechGoing.