Fagor Arrasate enters the share capital of Savvy Data Systems to advance smart factories

Fagor Arrasate, a manufacturer of customized stamping presses, coil processing lines, and complete systems for producing complex metal parts, plans to take its strategy of introducing connectivity and digitalization technologies in its machines to another level by becoming a shareholder of Spain-based process digitalization firm Savvy Data Systems.

The two companies reached an agreement that contemplates the entry of Fagor Arrasate in Savvy's board of directors and becoming a new industrial partner.

"Our participation in Savvy Data Systems represents the fulfillment of one of the milestones set in the road map of our Strategic Plan 2024, through which we will develop and incorporate new technological capabilities essential to achieve the vision we have of the smart factory of the future. The connectivity and digitization of our machines, which Fagor Arrasate had already been promoting for some time, will be taken to another level with Savvy,” said Unai López Moñux, CEO of Fagor Arrasate.

The two companies had already been working together for several months, culminating in the entry of Fagor Arrasate in Savvy's capital.

Savvy will allow Fagor Arrasate to further develop the Fagor Smart-Connect connectivity platform, which makes it possible for users of its machines to monitor the equipment from anywhere in the world.