The world's leading supplier of sensors for molten metals Heraeus Electro-Nite is expanding its expertise in artificial intelligence and Al-based process optimization by Berlin based startup Smart Steel Technologies via the Heraeus Group, becoming its largest shareholder with 47% stake. Heraeus Electro-Nite CEO Mr Martin Ackermann, who will join SST’s board, said “SST will further advance the digital capabilities of our products and together we can provide an even better and more comprehensive service to our customers. The Heraeus Group is a very strong partner for SST. We are looking forward to the joint cooperation and valuable synergies, as well as innovations for the steel industry that will be enabled by the partnership.”Smart Steel Technologies has its headquarters in Berlin and a branch office in Cincinnati in Ohio. Smart Steel Technologies supplies Al-based software packages to the steel industry. Across all production steps, these calculate specifications in real-time to optimize energy use and quality. Examples include even more precise composition of steel chemistry and optimal process control in steel mills, in the continuous casting process and in rolling mills. One of the most complex challenges in steel production is the synchronized production planning of an entire chain of aggregates and production lines. Here, too. Smart Steel Technologies offers solutions that use artificial intelligence and mathematical modeling to calculate optimized production schedules. For this, the Berlin-based company relies on an interdisciplinary team of Al and steel experts, software engineers, mathematicians and physicists. Steel producers can thus operate their plants even more efficiently, safely and in a more environmentally friendly way. About four years after the company was founded, SST has more than 50 employees, many of them AI experts, but also steel specialists. The company's customers include renowned groups such as ArcelorMittal and Vallourec.Heraeus Electro-Nite is one of the world's most important suppliers of measurement technology and sampling from molten metals. The portfolio includes disposable and continuous sensors, samplers perfectly tailored to the respective application, as well as hardware and software for complete the system technology. Osborne Clarke has advised Berlin-based AI start-up Smart Steel Technologies on the participation by technology group Heraeus. As a result of the transaction, Heraeus, which is primarily known as a precious metals specialist, will become the largest shareholder of Smart Steel Technologies with a stake of around 47 percent.
The world's leading supplier of sensors for molten metals Heraeus Electro-Nite is expanding its expertise in artificial intelligence and Al-based process optimization by Berlin based startup Smart Steel Technologies via the Heraeus Group, becoming its largest shareholder with 47% stake. Heraeus Electro-Nite CEO Mr Martin Ackermann, who will join SST’s board, said “SST will further advance the digital capabilities of our products and together we can provide an even better and more comprehensive service to our customers. The Heraeus Group is a very strong partner for SST. We are looking forward to the joint cooperation and valuable synergies, as well as innovations for the steel industry that will be enabled by the partnership.”Smart Steel Technologies has its headquarters in Berlin and a branch office in Cincinnati in Ohio. Smart Steel Technologies supplies Al-based software packages to the steel industry. Across all production steps, these calculate specifications in real-time to optimize energy use and quality. Examples include even more precise composition of steel chemistry and optimal process control in steel mills, in the continuous casting process and in rolling mills. One of the most complex challenges in steel production is the synchronized production planning of an entire chain of aggregates and production lines. Here, too. Smart Steel Technologies offers solutions that use artificial intelligence and mathematical modeling to calculate optimized production schedules. For this, the Berlin-based company relies on an interdisciplinary team of Al and steel experts, software engineers, mathematicians and physicists. Steel producers can thus operate their plants even more efficiently, safely and in a more environmentally friendly way. About four years after the company was founded, SST has more than 50 employees, many of them AI experts, but also steel specialists. The company's customers include renowned groups such as ArcelorMittal and Vallourec.Heraeus Electro-Nite is one of the world's most important suppliers of measurement technology and sampling from molten metals. The portfolio includes disposable and continuous sensors, samplers perfectly tailored to the respective application, as well as hardware and software for complete the system technology. Osborne Clarke has advised Berlin-based AI start-up Smart Steel Technologies on the participation by technology group Heraeus. As a result of the transaction, Heraeus, which is primarily known as a precious metals specialist, will become the largest shareholder of Smart Steel Technologies with a stake of around 47 percent.
