Hexion Acquires Smartech to Add AI-Driven Manufacturing Capabilities
December 5, 2024
Hexion Inc. has acquired Smartech, an AI-focused autonomous manufacturing solutions provider. The deal — Hexion's first acquisition in a decade — brings Smartech's SmartWAX, SmartPF and patented SmartMDI technologies into Hexion's portfolio to drive production efficiency, cost savings and sustainability across wood processing and other manufacturing end-markets; terms were not disclosed.
- Buyers
- Hexion Inc.
- Targets
- Smartech
- Industry
- AI & Machine Learning
- Transaction Type
- Buyout
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