Yokogawa Electric Corporation has finalized an agreement to acquire Singapore-based Web Synergies. For more than a decade, the two companies have collaborated on products and services for internal and external digital transformation (DX). This acquisition will enable Yokogawa to strengthen its digital transformation-related business for the delivery of cloud services, enterprise data management and integration services, and IT/OT security products. The purchase process is expected to be completed by May 2025.
Established in 1998, Web Synergies is business software provider of information technology (IT) and integrated IT and operational technology (OT) products. From its headquarters in Singapore, Web Synergies oversees its operations in Hyderabad, Bengaluru, Tokyo, Dubai, Houston, and Ho Chi Minh City. Yokogawa originally invested in Web Synergies in October 2021.
Gideon Lim, CEO of Web Synergies, says, “We are proud to now be part of the Yokogawa family. Our leadership team is committed to continuing to leverage our expertise to surpass the expectations set forth by our key stakeholders. With a shared vision for success, we look forward to achieving growth by developing DX business opportunities in the manufacturing industry and the emerging sectors that Yokogawa is targeting.”
Hiroaki Kanokogi, a vice president, executive officer, and head of the digital strategy headquarters at Yokogawa Electric, says, “With Web Synergies now part of the Yokogawa Group, we are poised to further accelerate our efforts to deliver a comprehensive suite of DX services to both existing and emerging markets. By integrating the IT, OT and engineering technology expertise of both companies, we will support our customers' DX journeys on a global scale.”
