Invensys acquires Spiral Software
Invensys Operations Management has announced its acquisition of Spiral Software. The business will continue to be managed by Spiral’s existing executive team, adding employees to Invensys operations in the United Kingdom and North America.
Spiral Software provides integrated solutions ranging from crude assay management to refinery supply chain optimisation. Spiral’s crude oil knowledge management tools help companies track the quality of feedstocks and predict their refining behaviour.
“Acquiring Spiral Software strengthens our leadership position in the hydrocarbon processing industry and reinforces our commitment to helping our HPI customers optimise all aspects of their business operations,” said Mike Caliel, President and CEO of Invensys Operations Management.
“Spiral software further extends our refinery optimisation solutions in support of our global installed base and gives us the most comprehensive portfolio in the refining and petrochemical industries. By continuing to expand our portfolio, we are well positioned to compete on global pursuits in these strong and growing markets.”
“This acquisition complements our existing refinery-wide optimisation strategy and leverages our SimSci-Esscor modelling and optimisation offerings for the hydrocarbon processing industry,” added Ravi Gopinath, President of Invensys Operations Management’s software business.
CSIRO solar venture nets record seed funding
FPR Energy is a new venture that aims to help reduce industrial emissions in heavy industries,...
Major US defence company sets up in SA
US defence technology company Sierra Nevada Corporation has opened an Australian subsidiary, SNC...
Queensland boosting local manufacturing
The Queensland Government has announced it will boost homegrown manufacturing with an expansion...
