B&D Industrial Inc. acquires GTI Predictive Technology
On June 18th, 2021, B&D Industrial Inc. (B&D) announced its acquisition of GTI Predictive Technologies (GTIPT) from parent company GTI Spindle Technology, Inc. B&D has stated that it will put GTIPT, which specializes in predictive analysis systems, to work on Industry 4.0 solutions. Among GTIPT’s portfolio is the iPad Vibration Analyzer, which streamlines production analysis tools into a compact, user-friendly kit that is compatible with Apple iPads and other tablet devices. B&D co-CEO Ben Nations expressed enthusiasm for the deal, stating “The timing couldn’t be better for GTI Predictive Technology coming on board with B&D… B&D will continue to invest in development of the software and sensors and will be adding many new applications in the years to come.”
New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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