NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
No Result
View All Result
Home ALL Chemical

Henkel invests in technology start-up Direct-C

by Emma Jones
August 12, 2022
A A

Henkel Adhesive Technologies strengthens its capabilities for predictive maintenance solutions by investing in Direct-C LTD (Direct-C), Edmonton, Canada. The company has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages. With the investment Henkel aims to further expand its maintenance, repair and overhaul (MRO) business and to drive the implementation of innovative digital applications.

Henkel Adhesive Technologies is one of the leading providers of MRO solutions in more than 800 different industry segments. Adhesives and sealants under the well-known Loctite brand improve the maintenance of production machinery and equipment for example in oil and gas plants, steel mills, car factories, mining equipment or power turbines around the globe. With the recent launch of Loctite Pulse Henkel offers a novel portfolio of Industrial Internet of Things (IIOT) solutions designed to minimize downtime, save maintenance costs and underpin safety as well as sustainability. These data-enabled solutions empower customers in various industries to increase maintenance efficiency and effectiveness by monitoring the status of critical assets. With the implementation of these IIOT solutions across its MRO portfolio Henkel further expands its offering beyond materials to create additional value for its customers.

“The combination of the Direct-C sensor technology and our broad MRO portfolio and expertise offers great potentials for innovative end-to-end solutions”, explained Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “The contributions of start-up technologies are crucial for us to develop predictive maintenance solutions for our customers. Together we aim to develop digital business models that help innovating our traditional MRO business towards the increasing demands for novel and efficient industrial IoT applications. Thus, the investment perfectly fits to our business strategy to implement and enable predictive maintenance solutions across industries under our constantly growing Loctite Pulse portfolio.”

Founded in 2014, Direct-C has developed a polymer nanocomposite sensor material that is adaptable to various polymer matrices and sensing parameters. The technology is specifically designed to react to liquid hydrocarbons and provides a sophisticated leak detection solution for the integrity monitoring of the oil and gas infrastructure. The technology enables significantly enhanced response times to unexpected incidents and helps limiting cost-intensive unplanned production downtimes.

“We are very pleased to receive this investment from Henkel as it comes at a crucial time when we plan to considerably scale our manufacturing capabilities and customer acquisitions in the hydrocarbon production and transportation markets,” added Adrian Banica, CEO of Direct-C. “More importantly however, we look forward to collaborating with Henkel’s MRO team and various initiatives and creating new and unique digital monitoring offerings for industrial equipment operators.”

Tags: < Invest | M&A
ShareTweetShareSend

Related Industries

Chemical

DuPont Earns Great Place to Work Certification™

May 18, 2023
Chemical

Henkel opens Adhesive Technologies Technology Center in Bridgewater

May 17, 2023
Chemical

Dow’s Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

May 12, 2023
Chemical

Dow featured on INvolve’s Inaugural Enable Role Model List

May 5, 2023
Chemical

PPG appoints Christine Camsuzou vice president, procurement and chief procurement officer

May 3, 2023
Chemical

DuPont to Acquire Spectrum Plastics Group from AEA Investors

May 3, 2023

Thermo Fisher Scientific Releases 2022 Corporate Social Responsibility Report

May 18, 2023

...

GE Hitachi Announces Intent to Transfer Ownership of Vallecitos Nuclear Center

May 10, 2023

...

Medtronic AccuRhythm AI technology receives 2023 MedTech Breakthrough Award as Best New Monitoring Solution

May 17, 2023

...

GE Digital Recognized as a Leader for Second Consecutive Year in 2023 Gartner® Magic Quadrant™ for Manufacturing Execution Systems

April 29, 2023

...

US FDA approves GSK’s Arexvy, the world’s first respiratory syncytial virus (RSV) vaccine for older adults

May 4, 2023

...

Empowering Educators: Toshiba Awards $20,000 to 6 Exceptional STEM Classroom Projects During Teacher Appreciation Week!

May 9, 2023

...

AIG Recognized as One of DiversityInc’s Top 50 Companies for Diversity for Sixth Consecutive Year

May 4, 2023

...

Alstom and EDC enter into a strategic partnership for sustainable mobility financing

May 17, 2023

...

Opinion: Intel CEO Letter: 2022-23 Corporate Responsibility Report

May 12, 2023

...

NORTH AMERICAN BUSINESS (www.na-biz.com) is a leading source of business and corporate news, information, industry trends, market updates and insights across a broad spectrum of industries in North America and worldwide.

MENU

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor#na-biz.com

PARTNERSHIP:     biz#na-biz.com

HUMAN RESOURCE:     hr#na-biz.com

* (replace # with @)

  • Official Site

Copyright © NA-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © NA-BIZ.COM All rights reserved.