Sandvik invests in the leading provider of AI-powered production software, Oqton

prnewswire | January 15, 2021

Sandvik has gained a minority stake in the exclusive American programming organization Oqton, a main supplier of AI-controlled assembling arrangements that permits makers to oversee, upgrade, and computerize their assembling work processes.

"This investment is in line with our strategic agenda to broaden our offering in digital manufacturing. We are looking forward to working with Oqton and finding ways to expand our offering for increased customer productivity by creating new products that take advantage of Sandvik's extensive know-how about manufacturing processes and Oqton's AI-powered manufacturing solutions", says Stefan Widing, President and CEO of Sandvik.

Oqton gives a safe start to finish cloud-based assembling stage that joins information across the total assembling environment, from plan to creation, to coordinations. Their open and skeptic cloud-based stage empowers makers to work coordinated plants and oversee complex item blends, with lower stock and a rearranged store network.

"Oqton's solution targets inefficiencies and waste in the manufacturing workflow. We believe that our relationship with Oqton will give us further opportunities to define and reduce waste throughout the entire manufacturing process. We share the same desire to automate workflows and make our customers more efficient", says Mathias Johansson, President of the Design & Planning Automation division in Sandvik Manufacturing Solutions.

Established in 2017, Oqton has 60 representatives, the corporate base in San Francisco, USA, and three R&D focuses situated in Belgium, Denmark and China.

The relationship with Oqton will be overseen by Sandvik Manufacturing Solutions' division Design and Planning Automation, inside the business territory Sandvik Manufacturing and Machining Solutions. The measure of the venture was not revealed.

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