Baker Hughes has announced it is acquiring ARMS Reliability, a global provider of reliability solutions across a wide range of industries including mining, oil and gas, power, manufacturing, and utilities. The acquisition helps to deepen Baker Hughes’ industrial asset performance management (APM) capabilities and will expand the company’s industrial asset management offerings.
ARMS Reliability’s asset strategy management, asset reliability services, and consultancy experience, along with its OnePM software offering, will integrate into Bently Nevada’s System 1 software platform from Baker Hughes, which provides plant-wide asset health monitoring and protection. The combined offering will provide Baker Hughes customers with a broader spectrum of APM services to help enhance industrial operational efficiencies, extend asset lifecycles, and reduce non-productive downtime.
The acquisition is part of Baker Hughes’ strategy to provide an industrial software platform at scale to deliver outcome-based solutions for engineered critical equipment. Baker Hughes will have access to ARMS Reliability's presence in a broad range of industrial sectors including mining, power, manufacturing, and utility companies. ARMS Reliability's global customer base has broad adoption in the U.S. and Australia, and the agreement is expected to drive strong growth in APM adoption in other geographic markets, as well as enabling synergies from a broader combined offering with Bently Nevada.
The acquisition is expected to close in the second quarter of 2021 and will be integrated into the Bently Nevada product line within Baker Hughes’ Digital Solutions segment.