Yokogawa Electric Corp. has announced the signing of an agreement on 5 September 2019 with UK-based RAP International Ltd for Yokogawa to acquire all shares of the company and make RAP a wholly-owned subsidiary. RAP specialises in providing digitalised solutions that support risk assessment, management of the permit to work (PtW) process, and governance of control of work (CoW) for all plant maintenance activities. Integrating RAP’s electronic risk assessment and PtW software solutions with Yokogawa’s real-time plant condition monitoring will drive safety assurance, reduce turnaround times, and support customers in providing enhanced protection for their people, assets, and the environment.
Manufacturing plants rely on scheduled and unscheduled maintenance activities to keep operating, ranging from daily rounds by field service personnel to the replacement of major pieces of equipment that can require shutdown of the entire plant for days or more. Control of work is the setting place of a predetermined system for maintenance so that all necessary steps are carried out to prevent accidents and injury to people, damage to equipment, and the unwarranted release of materials into the environment. However, in many plants these CoW systems are still paper-based or semi-automated through a combination of bespoke spreadsheets and document management systems, which can contribute to human error during operations.
“Yokogawa believes that to create unique value for our customers it is important to integrate domain knowledge into the technology solutions we deliver,” said Simon Rogers, Head of Yokogawa’s Advanced Solutions Division. “RAP’s systems are built around manufacturing industry best practices developed over the past 25 years, enabling customers to digitalise and transform their maintenance safety processes, better protect their workforce, and improve operational efficiency. One of the strategies laid out in our Transformation 2020 mid-term business plan is to expand our OPEX business, so, in line with that, we look forward to making this addition to the company’s safety assurance portfolio to our customers around the world as soon as possible.”
Read the article online at: https://www.worldcement.com/europe-cis/10092019/yokogawa-acquires-rap-international/