RCS - Weir Group PLC - Weir acquires SentianAI

WeirAnnouncement

23/11/2023 07:00

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RNS Number : 3818U  Weir Group PLC  23 November 2023

 

Weir acquires innovative developer of AI process optimisation solutions

 

Weir, a global mining technology leader, has acquired SentianAI, a
Swedish-based developer of AI solutions that optimise performance in minerals
processing. With this acquisition, Weir is accelerating its technology roadmap
and expanding its digital capability to provide enhanced productivity and
sustainability offerings to customers.

SentianAI, founded in 2016, is based in Malmö and has a team of highly
skilled software developers and data scientists. The software that it develops
uses advanced AI algorithms that continuously learn and adapt to the dynamic
processes within a mine, providing continuous improvement and optimisation
over time.

Commenting on the acquisition, Jon Stanton, CEO of The Weir Group said:

"Digital technology has an important role in helping address the challenges of
declining ore grades, production efficiency, and CO(2) emissions for our
customers. SentianAI's advanced software solutions complement and will bridge
our Synertrex(®) and Motion Metrics(TM) technologies well. Together, these
will enable us to provide holistic performance monitoring and optimisation for
smart, efficient and sustainable mining. We welcome SentianAI's team of
experts to Weir."

Find out more about SentianAI at: https://sentian.ai/ (https://sentian.ai/)

 Enquiries:
 Investors: Edward Pears   +44 (0) 141 308 3725

 Media: Sally Jones        +44 (0) 141 308 3666

 Citigate Dewe Rogerson:   +44 (0) 207 638 9571

 Kevin Smith               Weir@citigatedewerogerson.com (mailto:Weir@citigatedewerogerson.com)

 

About The Weir Group PLC

Founded in 1871, The Weir Group PLC is one of the world's leading engineering
businesses with a purpose to make its mining and infrastructure customers'
operations more sustainable and efficient. Weir's highly engineered technology
enables critical resources to be produced using less energy, water and waste
while reducing customers' total cost of ownership. The Group is ideally
positioned to benefit from structural trends that support long-term demand for
its technology including the need for more essential metals to support
economic development and carbon transition. The Group has c.12,000 employees
operating in over 60 countries with a presence in every major mining region of
the world. Find out more at www.global.weir.

 

Weir's ordinary shares trade on the London Stock Exchange (ticker: WEIR LN)
and its American Depositary Receipts trade over-the-counter in the USA
(ticker: WEGRY).

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