WEG buys remaining stake in startup Mvisia
THE WEGannounced this Thursday that it reached an agreement to buy the remaining stake in Mvisia, a startup specializing in artificial intelligence and computer vision for industry. The values were not disclosed.
In June 2020, the company had announced the acquisition of 51% of the startup as part of its strategy to meet the demands of computer vision applications in the so-called Industry 4.0.
“This movement is in line with the growing automation of industrial systems that are converging towards the adoption of digitalization, connectivity and artificial intelligence in the search for efficiency gains and rationalization of resource use”, says WEG.