Leading ready-mix concrete equipment maker Schwing Stetter, headquartered in Germany, joins hands with Einsite, US-registered Internet-of-Things (IoT) start-up which is having development centre in Hyderabad. The partnership between two companies is to digitise construction project management and execution. The partnership deal was signed by the Indian subsidiaries of the two companies — Invento Labs and Schwing Stetter India.
The two companies will first create a seamless integration between Einsite smart-devices and Schwing Stetter equipment, and then collaborate to provide actionable insights to end-users.
“While most other industries have been digitised and automated, construction lags far behind - we are now going to change that,” said Anirudh Reddy, Chief Executive Officer Einsite. Managing Director of Schwing Stetter Sales and Services Mr. VG Sakthikumar said partnership will benefit construction companies.
The start-up company Einsite, which develops IoT-based solutions for the construction and mining sectors, was founded by brothers Rajiv and Anirudh Reddy in 2015 and was backed by VC firm Kleiner Perkins Caufield Byers in 2016. The Schwing Stetter India is a leading manufacturer of concrete mixing plants and concrete transport systems.