Strategic Acquisition Enhances Ascalia's AI Capabilities and Market Presence in the UK and Western European Markets
LONDON, UK. September 25th, 2024 - Ascalia Limited, a leading provider of Industrial Digitalisation Solutions, proudly announces the acquisition of Metis Labs Limited. This strategic move will enhance Ascalia's market presence in the UK and Western European markets, leveraging Metis Labs' strong market presence and advanced AI-based process control solutions.
Metis Labs, founded in 2017, has built a strong reputation for deploying advanced process control solutions to enhance the efficiency and quality of industrial and manufacturing processes. Their innovative AI solutions have allowed their customers to routinely reduce production-line waste by over 80%, improve product quality, and increase profitability across various process industries, including consumer packaged chemicals, processed food and beverage, and construction materials.
To streamline operations and maximize synergies, Metis Labs will cease operating as an individual entity and will be fully integrated under the Ascalia brand and operating entity.
Marin Bek, CEO of Ascalia, commented, "The acquisition of Metis Labs is a pivotal step in expanding Ascalia's market reach and solidifying our presence in key sectors. By integrating their industry relationships and advanced AI solutions, we can deliver even greater value to our clients, particularly in the food, beverage, and consumer chemicals industries. This move accelerates our growth and reinforces our leadership in the digitalization of manufacturing across Europe."
Alexander Appelbe, CEO of Metis Labs, added, "Joining Ascalia is a game-changer for Metis Labs and our clients. This acquisition broadens the range of services we can offer, allowing us to meet our clients' needs more effectively than ever . Together, we’re excited to amplify our impact through industrial digitalisation, which is key for our clients to achieve increased profitability, while also reducing their environmental footprint."
Guy-Edward Waterland, Board Member of Ascalia, commented, "Acquiring Metis Labs is a strategic decision that significantly enhances Ascalia’s ability to expand into new markets. With their advanced AI technologies and industry expertise, we are positioned to accelerate our growth across the UK and Western Europe. This acquisition is a key milestone in our mission to become the foremost provider of industrial digitalisation solutions in Europe."
Ascalia is focused on providing cutting-edge digitalisation solutions to manufacturing companies wanting to increase the efficiency and reliability of their operations. Client Finance Officers routinely report a 3-4% reduction in total operating costs through adopting Ascalia’s Manufacturing Execution System (MES).
With the integration of Metis Labs, Ascalia will enhance its solutions and market reach to support their continued growth and market position as a leading industrial automation provider to the manufacturing sector and consumer packaged goods industries.
The acquisition, brokered by GetPlanD Ltd, marks a promising new chapter for Ascalia through enhanced capabilities and greater market reach. Through the acquisition and integration of Metis Labs, Ascalia continues its commitment to delivering exceptional value to their clients and driving forward the future of industrial automation.
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