Giatec announces strategic partnership
05/07/2022
Giatec, a company that specialises in concrete testing technologies, has announced that HeidelbergCement, a large integrated manufacturer of building materials and solutions, has made a strategic minority investment in the company. As it continues to expand its digital offerings with Giatec’s technology, the company aims to create the best-in-class digital experience for its customers.
This strategic partnership is centred around the shared vision of moving the concrete industry towards carbon neutrality. Giatec’s products have a high sustainability impact, for which the company has received funding from research foundations such as Sustainable Development Technology Canada and the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP). The company’s suite of proprietary smart sensors helps concrete producers and construction companies worldwide with accurate monitoring of concrete throughout its lifecycle, from production and delivery to placement. Combined with sophisticated artificial intelligence (AI) algorithms (that can be integrated with a wide range of existing software solutions in the concrete industry), the real-time sensor data is used by concrete producers to optimise concrete mixes with up to 20% cement usage reduction in certain applications. Considering the volume of concrete produced worldwide, this translates to a significant reduction in global CO2 emissions, equivalent to taking millions of cars off the road.
“HeidelbergCement’s strategic investment in Giatec is inspired by the shared vision of moving the concrete industry forward by using cutting-edge sensing technologies, expanding digitalisation and reducing the carbon footprint of concrete. Giatec’s unrivalled combination of proprietary sensor technology and AI-based software enables significant efficiency and sustainability improvements from the plant to the job site,” said Dennis Lentz, Chief Digital Officer at HeidelbergCement.
“This strategic partnership will propel Giatec’s expansion to international markets with the HeidelbergCement global reach and on-the-ground operations in over 50 countries. Among all the major industry players, we are excited to work with HeidelbergCement as we share the same vision and are confident that together we are going to revolutionise the concrete industry and develop best-in-class software solutions for concrete producers worldwide,” said Pouria Ghods, CEO and Co-Founder at Giatec.
