Sandvik CEO Stefan Widing says: “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.”
Sandvik says Oqton provides a secure cloud-based manufacturing platform that links data across the complete manufacturing ecosystem.
According to Sandvik, the platform also enables manufacturers to operate agile factories and manage complex product mixes, with lower inventory and a simplified supply chain.
Sandvik Manufacturing Solutions’ division design & planning automation will manage the relationship with Oqton.
Mathias Johansson, president of the design & planning automation division in Sandvik Manufacturing Solutions, says: “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.”