Teknor Apex Collaborates with OSS Ventures on €75M Fund to Enhance Industrial Software in U.S. Manufacturing
Teknor Apex Company, a renowned leader in material science solutions, has announced its role as a founding partner in OSS Ventures’ newly launched investment fund, which aims to deploy €75 million to elevate established industrial software enterprises across North America and Europe.
Building Software Where It Matters: On the Manufacturing Floor
Founded in 2019 by Renan Devillieres, OSS Ventures functions as a venture studio dedicated to developing next-generation industrial software that integrates the realms of software innovation and manufacturing operations.
The firm’s proposition is clear: transformative industrial software engenders sustainable change only when crafted directly from the manufacturing floor, in partnership with the operators, supervisors, and engineers who utilize it daily.
With OSS Ventures expanding its footprint to Boston, MA, Teknor Apex will assume the role of regional industrial anchor partner, marking a significant milestone as the first U.S. manufacturer to invest in and operationalize OSS portfolio software at scale.
“This collaboration reflects a mutual understanding that the future of industrial progress lies in the synergy between human expertise and technological advancements, yielding significant measurable outcomes,” stated Donald Wiseman, CEO of Teknor Apex.
Teknor Apex: From Co-Builder to Co-Investor
This alliance has its roots on the factory floor. Teknor Apex has already implemented three of OSS Ventures’ portfolio companies at its Rhode Island and Tennessee facilities, yielding immediate benefits:
- Oplit empowers Teknor Apex to enhance plant efficiency through a decline in changeovers, improved yield, and a robust foundation for increased automation in planning.
- Fabriq fosters a culture centered on continuous improvement, embedding problem-solving practices throughout the organizational hierarchy.
- Mercateam aids operators, mechanics, and lab technicians in honing crucial skills and advancing their careers, thereby optimizing Teknor Apex’s investment in its most vital asset: its workforce.
Teknor Apex and OSS Ventures are aligned as both strategic business partners and venture collaborators, with Teknor Apex joining as a foundational partner in the €75 million amplification fund alongside DECATHLON PULSE, the investment and innovation division of the international sports brand DECATHLON, and Peugeot Family Group.
“In shaping our forthcoming century of manufacturing, digital transformation remains the singular feasible approach to achieving both immediate efficiencies and enduring competitiveness,” remarked Michael Roberts, CIO of Teknor Apex.
Source link: Morningstar.com.
