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ei3, an Industrial Internet of Things (IIoT) solution provider, announces the completion of the acquisition of Cognitive Solutions and Innovation AG (COGSI AG) of Zurich, Switzerland, a player in delivering advanced 
artificial intelligence solutions for industrial manufacturing. The acquisition was completed through a cash and stock transaction.
Following the acquisition, COGSI AG assumes the ei3 brand and is being re-named “ei3 Europe”. In addition, Dr. Stefan Hild, CEO and founder of COGSI AG, joins the board of directors of ei3 and will assume the newly created role of VP of Data Science at ei3.
COGSI AG’s AI capabilities enhance ei3’s IIoT suite of products with world-class data analytics. The acquisition of COGSI AG comes after years of close collaboration. With artificial intelligence, ei3’s industrial clients gain deep insights into their operations to reduce future unplanned downtime, improve asset efficiency, and boost sustainability.
Last year, ei3 and COGSI AG jointly brought to market “ConnectedAI”, a technology that allows AI solutions to be deployed at scale with ease. ConnectedAI transforms knowledge gathered from machines, devices and users into actionable intelligence and extends this intelligence to machines around the world, allowing organizations to carefully manage knowledge and skills while also balancing risk, cost, and performance. With this approach, ei3 makes its experience and innovations available in an easily deployable format to help drive process improvements at scale. For example, Milacron, a leading plastics processing technology company, uses ConnectedAI to drive replacement part sales.
More information on ARC’s coverage of industrial IoT edge software platforms is available here.