Grazper Technologies has been acquired by Yokogawa Electric Corporation

The shareholders of Grazper Technologies ApS have sold the company to Yokogawa Electric Corporation.

Grazper Technologies was founded in 2015 and has advanced into an artificial intelligence (AI) software development power-house based in Copenhagen, Denmark, with highly motivated engineers, software developers and computer scientists. Grazper has developed a platform to build full stack proprietary real-time 3D vision solutions using embedded AI. The platform can support networks of installed cameras and embed intellectual property into edge devices for intelligent machine vision applications. The solution, in its current form, facilitates automatic monitoring of cars, cyclists or pedestrians, with the purpose of smoothing traffic flow or creating automated behavioral customer analysis in supermarkets – using cameras that stream video directly to an external location for manual or automatic analysis.

Founded in 1915, Yokogawa is a leading provider of industrial automation and test and measurement solutions. Combining superior technology with engineering services, project management, and maintenance, Yokogawa delivers field proven operational efficiency, safety, quality, and reliability. The industrial automation business provides vital products, services and solutions to a diverse range of industries, including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With its innovation business, the company also aims to radically improve productivity across the pharmaceutical and food industry value chains. Yokogawa has a global network of 113 companies spanning 60 countries and generating US$3.6 billion in sales in 2018.

Oaklins’ team in Denmark acted as strategic and financial advisors to the sellers in this transaction. Oaklins Evelyn Partners, based in the UK, supported the transaction.