Preventio and PipePredict merge to redefine the future of pipe monitoring

Peter Yves Ruland, Valerie Fehst, Andreas Bechmann, Bledion Vladi, Tri-Duc Nghiem (f.l.t.r.)

Frankfurt, 14.09.2023 – Preventio GmbH, known for its innovative predictive maintenance technology, and PipePredict GmbH, pioneers in live leak detection, today announced their official merger. This strategic decision aims to combine the strengths of both companies and set a new standard in pipe monitoring.

By merging Preventio's sensorless technology with PipePredict's digital twin solutions, not only real estate and insurance companies benefit from advanced predictive maintenance solutions. Above all, it offers city and water utilities decisive advantages in the monitoring and maintenance of their networks.

But industrial companies and industrial parks can also benefit significantly from the solution: The rapid detection and precise localization of damage can enable cost savings of up to 60%, minimize downtime and prevent the loss of resources such as water and energy.

"This merger marks a significant moment in our industry," said Andreas Bechmann, Founder and CEO of Preventio. "Together, we will be able to offer complementary services to our customers and transform the way pipeline damage is detected and prevented."

With the combined entity, customers can expect a holistic approach to pipeline system prevention and maintenance. Joint customers include companies and institutions such as Stadtwerke Bad Homburg and the industrial park, Infraserv Höchst, that already benefit from both companies' innovative solutions.

"This merger of Preventio and PipePredict symbolizes a big step for Stadtwerke Bad Homburg towards a future-oriented, more sustainable urban development. As mayor, I am very grateful and see many opportunities in our municipal utilities being part of this innovative movement. Together, we are committed to an intelligent, resource-conserving future.", said Dr. Oliver Jedynak, Mayor of Bad Homburg, commenting on the merger.

Valerie Fehst, founder of PipePredict and newly appointed Co-Managing Director of Preventio, also expressed her excitement about the merger, "This is a great opportunity for both companies to combine our technologies and offer one solution. We look forward to joining our strengths and helping our customers experience network reliability at a new level."

Preventio and PipePredict look forward to a future where predictive technologies become the norm. Plans are in place to invest in the newly fused technologies to address additional application areas such as oil, gas, and compressed air piping and to strengthen its overall market position. The existing investors of both companies, including renowned venture capitalists such as Futury Capital, BMH and Übermorgen Ventures, as well as experienced business angels such as Andreas Haug, Christoph Benner, Marcus Laube and Dr. Peter Ploth are also convinced of the merger and have decided to provide further funding in the course of the transaction. The founders of both companies are also participating in the round.