Grazper Technologies has been acquired by Yokogawa Electric Corporation
Grazper Technologies, based in Copenhagen, Denmark and founded in 2015, has developed a platform to build full stack proprietary real-time 3D vision solutions using embedded AI. The platform can support networks of installed cameras and embed intellectual property into edge devices for intelligent machine vision applications. The solution, in its current form, facilitates automatic monitoring of cars, cyclists or pedestrians, with the purpose of smoothing traffic flow or creating automated behavioral customer analysis in supermarkets – using cameras that stream video directly to an external location for manual or automatic analysis.
Founded in 1915, Yokogawa is a leading provider of industrial automation and test and measurement solutions. The industrial automation business provides vital products, services and solutions to a diverse range of industries, including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. Yokogawa has a global network of 113 companies spanning 60 countries and generating US$3.6 billion in sales in 2018.
Oaklins’ team in Denmark acted as strategic and financial advisors to the sellers in this transaction.
Oaklins Smith & Williamson, supported the transaction as well as assisted in identifying the buyer.
Thomas Jakobsen, CEO & Co-founder, Grazper Technologies ApS: “Before Oaklins introduced them to us, we didn't know Yokogawa, with their impressive track-record and strategic ambition to enter the AI field. Becoming a center of excellence for their global operations from our Copenhagen base is very appealing to us, and if it hadn’t been for Oaklins’ global access and seamless execution, we wouldn’t have been in this extremely exciting situation.”
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