Distence Oy

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Distence is an IoT technology company that introduces intelligence to industrial machines and equipment. We specialize in demanding environments in a fast growing market. Invest in a growing Finnish enterprise that offers intelligent IoT solutions!

Distence is an industrial IoT technology company that specializes in demanding environments. Distence’s solution embeds intelligence into industrial machines and equipment and connects them with business processes. The solution is suitable for both new and existing machines.

Industrial machines and equipment, such as motors, pumps and gears, are valuable assets. But first and foremost, they can be critical elements in a company’s core processes. Up to 80 per cent of the lifecycle costs of machines are made up of factors that can be affected, such as energy consumption and maintenance. For example, 32% of the lifecycle costs of a pump are related to energy, 20% to maintenance, 9% to idle use, 9% to use and 7% to the environment (Tom Dabbs, Plant Performance Services Group). Considering the lengthy lifecycles of machines—up to 30–40 years—these costs can become multiplied over decades.

Digitalizing these machines and equipment makes the condition, use and operation of the machine visible as part of the business process. This information can be used to enhance the productivity, energy-efficiency and safety of the machines or to create completely new intelligent services. Digitalization enables the extension of the useful life of machines worldwide and the modernization of existing machinery without the need to replace old machines. The end result is a higher rate of return for industrial capital.

Distence’s solution is based on over ten years of experience in producing information in demanding industrial environments. Distence has provided its solutions to leading industrial companies in over 40 countries, making thousands of machines intelligent. Its Finnish and Swedish customers include Moventas Gears Oy, ABB, Detector, Lambertsson and Skanska Maskin.

The company has entered a phase of growth. After a long product development phase and making its offering scalable, the company has reached the point where it can focus on internationalization and growth.

History

Industrial internet technologies at the core since 2012 

Distence’s roots date back to 1998 when the renowned Linux expert Kaius Häggblom established a company called Oliotalo. Under Häggblom’s command, the company focused on coding and project deliveries. In 2008, Oliotalo shifted its focus from product deliveries to the sales of products and solutions.

When the Miston family business purchased the majority of shares in Oliotalo in 2012, its areas of specialization were intelligent, remote, condition-monitoring systems and the design of embedded systems. Four years later, the company changed its name to Distence (Distributed Intelligence), which better reflects its core business.

Nowadays, Distence is an IoT technology business that employs 12 people. Its revenue target for 2018 is EUR 1.1 million. Distence’s objective is to grow its revenue to EUR 9 million by 2021. The company CEO is Kim Korhonen. It operates in Finland and Sweden, and its head office is located in Espoo.

Distence has received the following international rewards and recognitions:

-Munich Cleantech Innovation Award, 2015, first prize (Germany) 

-Kemira Innovation Challenge, 2016, first prize

-TOP 7 – Global IoT Contents and Congress in Beijing, 2017 (China) 

-TOP 25 in Nordic Cleantech Open, 2018 (Sweden)

Join our growth story:

-a dramatically growing market and megatrends support our growth

-a tested and effective intelligent IoT solution 

-SaaS-based business is predictable and not dependent on economic cycles

-an experienced team with over 10 years of expertise and experience in technology and the IoT sector

the focus has shifted from product development to enabling growth