Electronics and electrical equipment manufacturer Mitsubishi Electric (ME) has announced that its ME Innovation Fund has made an investment in FTV Labs, a Singapore-based company that provides the field service management software Kegmil.
This is reportedly the fund’s second investment in a target company.
FTV Labs’ field service management software was developed to improve operational efficiency in manufacturing, construction, logistics and other industries, primarily in Southeast Asia.
While deskwork has traditionally been made more efficient by enterprise-resources planning and customer-relationship management systems, fieldworkers are still required to manage records and documentation manually, meaning paperwork remains a key responsibility.
To help resolve this and reduce time spent on paperwork, Kegmil was developed, with FTV Labs suggesting it has the potential to enable last-mile digitisation and knowledge retention.
Kelvin Ong, co-founder and CEO of FTV Labs, said: “With rising demand for essential technical services and talent shortage, Kegmil aims to empower millions of deskless professionals with workflow automation and mobile-first technologies to drive operational efficiency, service performance, and knowledge retention.”
Speaking on the investment, Hiroshi Sakakibara, executive officer and CDO at Mitsubishi Electric, said: “Drawing on our extensive experience with field-service management, we are confident that Kegmil can improve the efficiency and quality of our operational and maintenance services.”
Mitsubishi Electric and FTV Labs hope to expand mutual business opportunities in Southeast Asia by improving fieldwork with a mobile-first approach for increased operational efficiency.
Mitsubishi Electric (Stand 220) will be at Robotics and Automation 2022 on 01-02 November at the Coventry Building Society Arena. For more information, or to register to attend now, visit www.roboticsandautomation.co.uk.
