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Al-Khobar, Kingdom of Saudi Arabia: A new partnership between Eram Group and Italian company DMI WIBES, experts in predictive maintenance solutions, augurs well for the Saudi market, the largest technology market in the MENA region.
This collaboration is in accordance with the Kingdom's Vision 2030 with special emphasis on digital transformation, self-sufficiency and localization in the industrial sector. The Kingdom is supporting a digitally-enabled industrial revolution for projects in mining, industry, logistics, and energy through a $453Bn fund.
The new entity will be known as WIBES Eram and will be dedicated to developing IIoT solutions and predictive maintenance platforms; manufacturing sensors and IIoT devices and will also provide services for installation along with monitoring of industrial machineries and infrastructures. The company will be based in the Eastern province and will play a central role in the global expansion of WIBES solutions.
With this stake, Eram Group is strongly positioned to expand its existing network and offer the WIBES solutions to the GCC market by providing it with advanced predictive maintenance solutions. These will enhance visibility on the actual condition of the assets, thereby minimizing possible unscheduled downtimes and allowing for a smooth transition from traditional reactive maintenance.
During his visit to Eram Group office in Al-Khobar, the Chairman of DMI WIBES, Tommaso Rocca reiterated his commitment to expand services in GCC & India, in partnership with Eram Group.
Mr. Tommaso Rocca is also the shareholder of Techint Group and Chairman of Versilfood, a company operating in the food industry, which is a leader in the European Union for processing and distribution of truffles, mushrooms, berries and vegetables.
Expressing his delight over the new partnership he said, "Working with the Eram Group gives us a decided edge in the market where DMI technology is concerned and its transfer to the Saudi market promises to fast track the dissemination of WIBES solutions from our facility being set up in the Eastern Province."
Digital Media Industries S.r.l. (DMI), had been in the forefront of developing IIOT, digital transformation solutions since 2004 with special attention given to Predictive Maintenance solutions, specifically aiming to upgrade old machines by equipping them with sensors and transducers so they are modernized and get a fresh lease of life.
Commenting on this development, Eram Group Chairman and Managing Director Dr. Siddeek Ahmed said, "As a progressive, forward thinking company we are always open to any initiatives that contribute positively to the Saudi market and we believe this venture will be of great value and lead to significant cost savings and increased revenue for business enterprises that manage large installations.”
“From the introduction of advanced solutions including predictive maintenance platforms, manufacturing sensors, IoT devices to the planned R&D and the establishment of a manufacturing value chain which will enable job creation in the region, this is a tangible step in the right direction.”
Eram Group has a strong footprint in the Kingdom when it comes to manufacturing and services. Some of the established entities include a newly constructed production facility of Arabian Power Electronics Company, the Hydrofit Arabian Maintenance Company, and a state-of-the-art clinic Qemat as Sihha medical center in Al Khobar, which was inaugurated earlier this year.
With this partnership, Tommaso Rocca and Dr. Siddeek Ahmed made a joint statement, “This is indeed the perfect time for expansion in the region and both entities intend to collaborate by extending the services, explore investment and acquisition opportunities in areas of Industrial 4.0, Digital transformation, Advanced and emerging technologies, Energy storage solutions, Health care technology & Infrastructure services”.
DMI WIBES developed their integrated predictive maintenance platform called WIBES, based on edge computing concept allowing for relevant reduction of data transfer and storage. This encourages condition-based maintenance possible and sustainable. WIBES enables the implementation of efficient, cost effective and diffused sensors networks, with hundreds of monitoring points, including vibrations, thermographs, gas and chemical agents.
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© Press Release 2021
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