GOTHENBURG, Sweden, July 5, 2024
/PRNewswire/ -- A new agreement has been signed between
Viking Analytics and Bharat Forge Kilsta
(BFK) from Karlskoga. The
agreement, which is for three years, provides BFK with
the AI-based optimization tool "Smartforge" after a
10-month implementation phase. Smartforge optimizes
the forging process, primarily in the critical heat keeping process
where the problems with scrap are greatest. The goal is to reduce
discarded products by 50% and contribute to energy savings and a
more environmentally friendly production.
Niclas Undén, CFO of Bharat Forge Kilsta, comments on the deal:
"Through AI technology, a difficult step in the forging process is
simplified. The result is lower scrap, lower energy consumption and
reduced need for manual work. In SmartForge, Swedish heavy
automotive industry meets world-leading AI technology from Viking
Analytics. Bharat Forge Kilsta is very pleased with the
collaboration with Viking Analytics, and we look forward to a
deeper collaboration in the coming years."
The majority of Bharat Forge's customers are in the automotive
industry and the value of this agreement exceeds SEK 4 million for both Viking Analytics and
Bharat Forge.
Stefan Lagerkvist, COO at Viking
Analytics: "This agreement is much more than a single business
opportunity. Bharat forge has a lot of expertise in steel and
forging, which contributes strongly to the solution. Their
knowledge has been captured and translated into algorithms for
better control of the process. This collaboration confirms
everything we so long have been fighting for and gives us a great
opportunity in the future to offer an environmentally friendly
AI-powered solution to more factories within the Bharat Forge Group
as well as to other players in the industry!"
Viking Analytics
Strong in predictive maintenance and smart industrial
optimization
Since 2017 the Swedish company Viking Analytics has been at the
forefront of revolutionizing the maintenance process for OEMs,
maintenance companies and industries. Their commitment to
predictive maintenance, smart automation, optimization, and data
analytics is evident in their specialized software
tool MultiViz, which enables industries to operate, monitor,
and understand their machines with unparalleled precision and
efficiency. Vibration analysis is a major focus area, but a lot of
customized AI solutions are also provided.
Bharat Forge Kilsta
Forgings for the automotive industry
Bharat Forge Kilsta manufactures forged and machined components
for the automotive industry. The company's most important customers
are truck manufacturers in Sweden
and internationally. Bharat Forge Kilsta is part of the Bharat
Forge Group, which is the world's largest forging group and is
headquartered in India. Bharat
Forge Kilsta has an annual turnover of SEK
1.3 billion and 320 employees. The Swedish company is
located in Karlskoga - the city in Eastern Värmland that is known
for its high-tech, and internationally oriented, industrial
companies.
CONTACT:
info@vikinganalytics.se
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SOURCE Viking Analytics AB