Altizon, an Industrial IoT company, empowers Industrial Digital Revolutions globally by helping enterprises use machine data to drive business decisions. Altizon enables digital transformation in enterprises by accelerating Smart Manufacturing initiatives, modernizing Asset Performance Management, and pioneering new Business Models for service delivery. Altizon is a leading Industrial IOT platform provider recognized by Gartner in its Magic Quadrant for IIoT Platforms. Altizon has a presence in Pune, India and Scotts Valley, California, USA.
This is a related party transaction, as TVS Motor Company (TVSM) subsidiary, TVS Motor Singapore is already a shareholder in Altizon Inc. The acquisition is being done at 'arm's length'
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